$PROG shorts and market makers are telegraphing a move to the upside. To everyone who is freaking out and calling this a dead play, you're looking at consolidation. Calm TF down...
Wyckoff Accumulation final phase of consolidation is following trend.
Wyckoff Accumulation final phase of consolidation is following trend.
Market makers and call sellers still have until Tuesday to make their deliveries. This activity demonstrates an engineered sell-off. They need panic selling in order to scoop up shares on a discount before the next leg up.
The fewer who sell, the less we move to the downside.
The fewer who sell, the less we move to the downside.
We're going to go through some volatility this week as they play their games. T+2 to deliver options and an additional T+6 for market makers to close the outstanding FTDs that result.
Have patience and let the algorithms burn themselves out. They're operating on auto pilot...
Have patience and let the algorithms burn themselves out. They're operating on auto pilot...
and they're losing money hand over fist in the process. They will continue to ladder-down the price until they reach their target. The more of us that buy the dip or simply hold, the more money they waste in the process.
Just be patient. Patience is 🔑
Just be patient. Patience is 🔑
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