Monday, August 27, 2018 1:38:45 PM
Longs big and small do NOT have any reason to sell, might as well enjoy and laugh.
BUT
On the fence
New longs are NOT entering except for few (less market activity)
Shorts are staying it out for lack of resistance (less market activity)
Volume is not a criteria anymore for market activity since it's rigged with off market transactions and inter-computer make-believe transactions
LESS market activity means a HUGE LOSS for some market participants (brokers etc), they can't take it on the chin for too long. So sooner rather than later some volatility will return in a fury. I saw it happening all the time and nothing changed here.
Not impossible but I doubt we go to 300 without volatility and may even only approach it and deflate down (with BS news propaganda following like clockwork) as I expect a lot of sell and short orders are clustered at 300 area.
So I think 297-298 would be where the big douches will frontrun and drop the hammer on SPY
We'll see
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