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You mean a selloff like March 2020 that took a whopping 4 months to recover on the way to even more all time highs?
Keep preaching, I guess eventually the sky will fall, but probably not.
The PPT can fend off the correction, aggravate the bears for a little while, but really, all they’re going to do is provide better entry points. At least, they’d better hope that’s all they do. If we don’t get a meaningful correction here, somewhere south of NDX 12K, we’re going to see an exhaustion collapse over the summer. Monthly index charts are all freaking parabolic; weeklies too, mostly. What goes up…
You may have missed my point. The Fed is already pushing on a string. The charts are broken, and the “algos” read charts just like we do. The Fed will have little choice but to stand aside from any meaningful selling; again, only pulling a BOJ, buying stonks directly and in broad daylight, would be able to stop any drawdowns from happening.
Have you not been watching intraday action? The up volume is a lot less than the down volume, but these giant up moves keep happening on that low volume
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2 hours ago
1:00 PM – Lunch Time is over.
Launch code activated in a spectacular market save.