RE: Dropping fast27 Aug 2020 09:54
Not strange. The MMs try out a SP that's a few % above yesterday's, to see the market reaction. After a few first buys, profit-taking prompts a wave of selling, which then depresses the SP. That then is the moment others are waiting to get in, so buys begin. And the process repeats itself, until either the buying volume or the selling volume wins out. In this case, I'm hoping the buying volume wins; no reason why it shouldn't.