RE: Traders Only1 Oct 2024 05:16
On observation, the MMs had struggled to hold enough stock to fill large orders. We saw wide spread Monday morning to try and knock some stop losses and forced people to buy at premium prices. And gradually took the price lower before the 2 large buy orders appeared which was filled. I can only assume, the MMs used the weakness in the market to bring the price down towards the end, to trigger sells to replenish MMs stock to fill orders. Have they stocked up enough? Will they take the price up having taken some from weakest hands. We'll know on Tuesday morning imho