The big players (SM) move silently ... they do not like to move with the herd nor do they want the herd to move with them
So on low volumes for 5 consecutive days the mkt is up ... they are in .. now what, how to push the mkt up? Dip the mkt and create retail short and then let them short cover by buying in .......
Viola ... breakout, huge volumes (short covering ... and SM fresh buys simultaneously ....)
What say friends ....
If I am interpreting the volume correctly then its just a dry run and more fresh shorts added today.