Monday, January 23, 2017 3:16:49 AM
"Agree... it shows all the signs of a potential break lower.. considering nobody has taken the market further... considering the Dia can't break the 200 mark... after trying for many days then breaking lower."
It's not that "can't break higher of X level" but it won't be pushed past a given level. Every such index and consequently important stocks is effectively being bought up madly to be pushed through a given level. The reason for that is to squeeze money from the bigger positioned side of market. If the bulk of positions are on the long side then we get a selloff ("correction").
The 200 is a great psychological level. It stands the reason (a lot of big money) to get the hell out of longs or at least hedge heavily.
If they can convince a larger number of participating money to be balanced on the short side, big IF after the prior baitings+beatings, then the 200 will be taken out and strongly.
Absent that, the market will be held flat until the trading commission income dwindle too, making the overall market dead thus their whole business dead. When the overall market is dead they will have to make a decision, almost like flipping a coin (maybe they do that too) and take the market 5-10% one way or another to attract enthusiasm back and revive the market corpse.
BB is a great visualization of stagnant dead market when it is narrow for a longer period. Stagnant meaning they have near zero income, thus forcing their hand one way or another.
We're in such a time.
From what I see the trend is up pretty solidly but at the same time the upside is none for trading purposes without a correction (meaning yet again dead market).
I don't see Trump moving away from what has been done, meaning stopping the market manipulation, let's be realistic. Also the printing press (goonvernment thieves stealing) of money dilution won't stop. The best I can hope for is Trump to diminish it to a more reasonable level unlike the unscrupulous rampant reckless thievery that happened before him for eight dark years.
But we have to see it before believing it. I'm very curious of this and a host of other things.
I'm thinking we will have a beginning of a picture by the summer.
We have to give it at least such time due to a lot of inherited momentum in money printing thievery at the moment.
Fingers crossed Lol
Recent SPY News
- Form N-30D - Annual and semi-annual reports mailed to shareholders [Rule 30d-1] • Edgar (US Regulatory) • 05/30/2024 05:11:58 PM
- Form 497 - Definitive materials • Edgar (US Regulatory) • 05/29/2024 07:34:56 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 05/28/2024 06:12:34 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 02/27/2024 09:08:56 PM
- Form 497 - Definitive materials • Edgar (US Regulatory) • 01/29/2024 03:40:28 PM
- Form 485BPOS - Post-effective amendment [Rule 485(b)] • Edgar (US Regulatory) • 01/26/2024 09:50:00 PM
- S&P 500 Expected to Be Volatile This Week • Finscreener.org • 12/11/2023 10:21:00 AM
- MCD Stock: Is McDonald’s a Good Buy Right Now? • Finscreener.org • 12/11/2023 09:55:00 AM
- S&P 500 Index: Should You Expect a Santa Claus Rally In 2023? • Finscreener.org • 12/04/2023 10:15:00 AM
- Uber Stock Spikes On Its Inclusion in the S&P 500 Index • Finscreener.org • 12/04/2023 09:59:00 AM
- Form N-30D - Annual and semi-annual reports mailed to shareholders [Rule 30d-1] • Edgar (US Regulatory) • 11/29/2023 08:08:28 PM
- How Does ETF Investing Help Create Long-Term Wealth? • Finscreener.org • 11/27/2023 10:07:00 AM
- Can Tech Stocks Continue to Gain Pace This Week? • Finscreener.org • 11/20/2023 10:43:00 AM
- Will the S&P 500 Index Move Higher This Week? • Finscreener.org • 11/13/2023 09:54:00 AM
- Meta Stock Slumps Despite Beating Estimates • Finscreener.org • 10/26/2023 10:12:00 AM
- The S&P 500 Index Likely to Remain Volatile in Q4 of 2023 • Finscreener.org • 10/02/2023 09:23:00 AM
- Will the S&P 500 Gain Pace in the Final Week of September? • Finscreener.org • 09/29/2023 10:22:00 AM
- Will the Tech-Sell Off Continue This Week for the S&P 500? • Finscreener.org • 09/11/2023 09:46:00 AM
- Macro Indicators On Radar for S&P 500 Investors This Week • Finscreener.org • 09/04/2023 10:01:00 AM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 08/28/2023 08:33:01 PM
- Big Tech Earnings In Focus for S&P 500 and Investors? • Finscreener.org • 07/24/2023 10:41:00 AM
- Will The S&P 500 Index Enter a Bull Market In July? • Finscreener.org • 07/03/2023 10:41:00 AM
- What Next for S&P 500 After 13.8% Gain In First Half of 2023? • Finscreener.org • 06/27/2023 11:07:00 AM
- What Next For S&P 500 After It Gains 26% From 52-Week Lows • Finscreener.org • 06/19/2023 10:12:00 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM