Short covering rally soon?, page-19

Fun fact:

Fri 30th Nov to Mon 3rd Dec, trade volume was ~9.9 million shares(avg 4.45 million). Total short increase(modest) in that time was 0.98 million.

So, 8.71 million difference means buying pressure has increased.This may point to increasing support of the SP at these levels.

The short interest has leveled off recently as well. I wonder if the Fed backing off on rates and Bond curve have influenced holders in this space.

If we get a good monthly generation report it will be interesting to see how that affects not-short buying and short positions in the coming weeks.

Also worth considering when/whether there will be position closures around the Christmas break.

https://www.livewiremarkets.com/wires/when-to-close-a-short-position

https://ro.uow.edu.au/cgi/viewcontent.cgi?referer=https://www.google.com.au/&httpsredir=1&article=1010&context=accfinwp

GLTAH