If you believe that the stock price is tightly controlled by the programs of limited participants [which I actually agree], why would you possibly NOT think that any technical action was not equally orchestrated? Technicals are like religion... they assume mass [belief/]participation... Increasing participation [sample size] is the only reliable factor to increasing predictable behavior...
Although you didn't post the "technical" I'll assume you found it / get it.
And you're spot on with your comment. As the day to days are orchestrated, the technicals will follow in king. (A + B =B + A so-to say) A self fulflling prophacy.
So they get their cake and eat to also. Daily orchestrated spreads that culminate in technicals which allow for a continuance. Gotta love that gig if you can get it.