MM has taken price to the top of my O2 Zone...
We will see the MM's intention today as they have held prices somewhat flat in response to recent news. I think we may get a continuation up today. They have taken the lower liquidity and even had a lot of time to accumulate so I think a potential strong move up may be in store but as always watch for early shakeouts.
Note
Up as expected after some time proving patience pays off. I expect more up but they vey well may try a steep retrace to subdue the late longs. However this may be a move that slowly continues to stairstep upwards as bears hope for a retrace...
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