The MICEX index was in zugzwang. Any of his moves, even up, even down, will not let you throw one of the two groups of traders. As I reported in a recent post, there is a large group of smartlab players, who are going to buy in parts on the fall of the index by 20% from hai and so on every 10-20% Fall. So here, the index has not reached the mark 20% (level 1835,20 rub) and gathered up in order not to take unnecessary players on the train, waiting at the station 1835,20 and thereby leaving them in money in a growing market without giving a penny.
But according to the latest intelligence, there is a smartlab, also, another large group of more advanced players, who fundamentally don't buy falling knives, but they are going to buy on an attempt to reversal after a fall. And friday, just such a reversal candle was drawn, after which this group of players had to buy shares. And now the MICEX index, in order to throw this group of players, will have to resume the decline.
But if the index continues to decline, then the first group of players will be able to purchase at the mark -20% from haya. And if he starts climbing, without allowing the first group to buy, then the second group of players will start making a profit. I.e, anyway, but you won't be able to throw both groups to the index. this is how he got zugzwang (это такой шахматный term — position in checkers and chess, in which any player's move leads to a deterioration in his position).