As others said here billions (of profits!) were taken (cashed) out..
Since it's not me or you or the other guys here that did that as we are not in billion in profits billionaire club, it stands the reason it's the big money or at the very minimum some of them. And any of them is good enough as they have the same info and model bases more or less. It means the big money see the party being over. (if it were true - read bellow)
Anyway, all that said it only amounts to a theory, one theory. There are others. In other words observers and commentators only see one piece of the picture/puzzle.
Case in point in the beginning the case is taken as a mathematical consequence, then fast abandoned (ha).
-X billions outflow taken away would mean price lost support and would go down.
Fine
But then we KNOW that price went in fact up.
The same persons if lucid would put in question the first info about money taken out. But incredibly that didn't happen!
I look to all parameters involved as much as I can. In this case we have 3.
1. Money out (outflow)
2. Money in (inflow)
3. price
If pt 1 is negative but pt 3 is positive, it means pt 2 is larger than pt 1 , it's as simple as that. I can't comprehend why so many people fall for media bs brainwash without thinking for even a moment for themselves with their own head. I really don't.
1 + 2 = 3 (my goodness how fking simple is and people still can't do it)
(outflows) + (inflows) = SPY price
(-X billion) + (+Y billion) = SPY 180 (so both X and Y unknown)
(-X billion) + (+Y billion) = SPY 200 , +10% (obviously Y is larger than X)
(-100 billion oh my) + (+Y billion) = SPY 220 , +10% (obviously Y is larger than X no matter the BS media scaremongering us with -100 billion outflows)
We don't need newspapers or media to tell us sht. All we need is this so simple thing.
Let's put facts together. Fake news media NEVER EVER told the public the truth at the top of the market or at the bottom. Is not us that pay them, is it...
So if anything, whenever we hear the media spewing negative comments CONTRADICTORY (key word) of market reality, we know it's 100% corrupted setup meant for goofs.
One theory I have is that in reality those billions siphoned out of the market are very real. But they amount to profit stashed away by big money, just like we do with our little scores. It amounts to small money for the big money. The theory is much larger but this is the super short version.
All this becomes clearer if you look at a chart, say daily chart, and you see a down day with huge volume (money taken out), then price climbs over that said day pretty soon after that.
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As for chart saying go short I think some charts will say go short and others will say stay put while others will say go long..
Definitely some of the small charts are "go short" mode right now.
Me I'm too chicken to attempt shorting without some bigger chart support. It's getting there but it's not quite there yet.
..... maybe after we can hear media saying "to the moon","this time is different" .. ha
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