VOLUME IS THE LIE DETECTOR IN THE STOCK MARKET, right?
Today's new 52 week low is on relatively non-outstanding volume. Shorts require panicked longs to sell en masse to have a successful short. I think they may be hanging themselves out to dry and be trapped by overnight gaps maybe. Today's volume is the tell.
NO DOUBT THERE HAS BEEN A BUNCH OF SHORTING TODAY, BUT ARE THEY REALLY PANICKING THE INURED BAC LONGS FOR IT TO BE SUCCESSFUL?