I completely agree that this is to reset the indicators. If you look at the NYSI chart, the downward trend was not even hit during the last market selloff in August. This leads me to conclude that a larger selloff is coming, but then again what the point of having a market if the Fed will prop everything up? A good documentary on this is "Money for Nothing" on Netflix.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.