#PIPPIN is starting to move sideways again, with contracts being executed up and down. At this point, both going long and short are dead ends, unless the bearish traders manage to get an early position at a high of 0.2, allowing them to sit comfortably and take profits to short. The current illusion created shows a support around 14 upwards, and also some space downwards. This is the market maker's objective, with both long and short positions participating in creating liquidity. Double kill for both long and short.
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#PIPPIN is starting to move sideways again, with contracts being executed up and down. At this point, both going long and short are dead ends, unless the bearish traders manage to get an early position at a high of 0.2, allowing them to sit comfortably and take profits to short. The current illusion created shows a support around 14 upwards, and also some space downwards. This is the market maker's objective, with both long and short positions participating in creating liquidity. Double kill for both long and short.