Replies to post #352701 on SPDR S&P 500 (SPY)

[Vandalayind]

Problem with just watching charts is that it is simply supply, demand, and price.

Supply of stock has been growing it's fastest pace on record. IPO's, SPAC, insider sales.

The charts are no good.

The charts don't account for how much more volume is needed to move that much more stock on a consistent basis.

They are only governed by price at X time.

Not future price based on a gluttony of new stock.

[Vandalayind]

All your watching now is the market struggle under its own weight with the same amount of money inflow.

Law of averages says it needs MORE money inflow to move MORE stock.

[restripe]

Good call

[spartex]

Don't forget 457 level too! Reminder #2. ;-)