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Re: CFTC Reports of Commitment of Futures Traders
Good question James. There's one train of thought that says 'they' are keeping prices where 'they' want them to be able to accumulate a large short position. In other words, let's say you worked for a large institution and were told to get aggressively short on the ES but do not make your move obvious. What would you do? You'd try to get short at your preferred level as much as possible w/o red flags going up everywhere. To do this, you'd need to accumulate positions over DAYS or WEEKS.
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