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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Lee Lichterman III who wrote (61199)5/26/2022 10:29:30 AM
From: ajtj991 Recommendation

Recommended By
Lee Lichterman III

   of 97702
 
It could just be another one of those deals where everyone's interests aligned. Shorts wanted higher prices to re-load, longs wanted a move up to assuage their bullish convictions.

Most of us were looking for something on the order of a 400-SPX point move off whatever lows we got, and this may be it.

ARKK's short interest dropped to 7% from 14% in April, so shorts may want to get it up to $52.70 to re-load.
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