too much headline risk----expect 162 to 163 on close maybe lower
Sentiment: Strong Sell
There will be massive selling last half hour, and alot of shorting which they will hold over the weekend.
Time for longs to put up or shut up, I suspect they will take profits and sit on the sidelines for a while. May is only 3 weeks away.
Could you explain why institutions would short this over weekend? I'm just trying to understand what strategy they would use? Short Friday, then hope it goes further down next week to cover?