Replies to post #21768 on Wyckoff volume benchmarking / market profile bt a

[jxyzobrien]

market expected free money for ever
they thought powell (who owned 250 million in stock years ago)
would be more dovish

this was just an excuse. Large operators take multiple trips up to dump their
positions. Died right at spy 20da ma. It was planned even before the powell
speech.

we will fail to go past the lows this time down
eventually we will go past the lows

spx monthly fair value (20da ma) is 4160 so we are still very over valued