Jul. 7 at 4:52 PM
$XLO My read: there is probably a meaningful hidden order being worked, but the tape does not yet tell us whether it is bullish. The bullish confirmation would be followed by price reclaiming
$9.30–
$9.40. If the prints continue while price slowly slips below
$9.16, then they were more likely distribution or a seller gradually unloading. Always
