Being an experienced trader, I would expect to see a little more logic from you (no offense).
This has been trading below the 20 and 50 SMA's since May. It has made three attempts to clear the 20sma recently, none of which have held until now. It cleared the 50sma last week. Its retesting both now and both are turning up. You can focus on stops and market makers blah blah blah but this is trading in a clear technical pattern right now. I suspect it tests 97 tomorrow, although could be briefly. I also expect it to hold and begin moving back up. Notice how it wasn't "taking out stops" last week during its move up.
I'm calling another short term reversal at 99.50 to re-test the sma's. But Ive been wrong thousands of times. Just what it looks like to me.
I'm just watching the Live Level 2 screen and only brought out 1 observation of the fall to 98. I have all of the DMA on my screens. I can offer much more but I don't weant to overwhelm the message board.
Nice To Meet You sand I do agree with your post w/r technicals
Did you see the W-Calls being dumped yeaterday (105 and 100's)