Long With No Gamma
Going into the close was these downside flushes creating liquidity for large orders to enter long positions without chasing price.
Both moves were designed to induce weak hands to short, allowing strong hands to accumulate.
The only thing we didn’t get was directional headwinds - such is life.
All Pullbacks is Created Liquidity
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The short term flushes are created liquidity for large orders to go long.
