<i>"it's likely that whoever wanted to sell did it then "</i>
Likewise, everyone who wants to be long is filled to the gills right now. That's why breakout attempts get sold into rather than continuing upward on accelerated volume.
The longs are fully loaded to their gunwales. Every now & then we see a short squeeze to new highs, which fails. Eventually the gunwales will be swamped, and downside correction will be dramatic, if fleeting.
When they take 'em down this time ahead, it will be something to behold for nimble traders
Likewise, everyone who wants to be long is filled to the gills right now. That's why breakout attempts get sold into rather than continuing upward on accelerated volume.
The longs are fully loaded to their gunwales. Every now & then we see a short squeeze to new highs, which fails. Eventually the gunwales will be swamped, and downside correction will be dramatic, if fleeting.
When they take 'em down this time ahead, it will be something to behold for nimble traders

Overnight baby