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Posted by Tango
on June 4, 2019, 9:30 am
Obviously the selling and buying that we saw yesterday was liquidation on both sides. There was also spread liquidation and EFP postings. The activity was similar in RC, and seems to be continuing today. The buying is not subsiding today and will continue even after funds have covered. The selling is also constant and the market strength seems to depend on the changing intensity of the sellers. If the market were to move sharply higher, we will see an increase in buying by other shorts including delta shorts. For now selling by longs continues.