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Posted by Tango
on August 28, 2020, 10:20 am
Yesterday’s “correction” was vet steep but the OI continued the same pattern as we have been seeing, namely an increase in the OI. Of course, any sector can be responsible for the OI changes but it possible that once again funds did not reverse course and bought in a market that would normally have dictated them to reverse. Today, the market recovered and buying persists. However, resistance is intense.