SPDR S&P 500 (SPY): the market maker agenda, technically, is...

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Sunday, 09/19/2021 7:05:39 AM

Sunday, September 19, 2021 7:05:39 AM

the market maker agenda, technically, is masterpiece of technical analysis. The daily has found bottom, via the bottom band, but the weekly has not. Now we have not seen a 3 week correction since this time last year. we all know that September is the worst month of the year for the stock market, then October, if you don't know this you should go play with your marbles. The weekly support which I'm referring to, I won't mention as most would not be able to understand, but on that last pullback this support line did not come into play. It did happen on the previous pullbacks in mid May...mid June....mid July...so I believe we see a reversal weekly candle this week and a more dramatic correction in the middle of October. A shake below the day 50 day, i mean hey, they use that ploy all the time!!

We have not seen the candle go below the lower band since May, but this time the band is pushing up, unlike May when the bands were opening up and the lower band was pushing down...

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