The Dow had been down over 100 points but has since recovered and is only down blah blah. Coming right up, same thing over and over.
Too early to say this is a repeat of early Oct, BUT that started with Russell doing exact same thing as this week while ES/NQ sat in complacent ranges for a day or two, THEN finally broke.
First time SPX has tested its 20dma since Jan 7th and busts right thru it like it wasnt even there, which is basically what one comes to expect from this market. Pullbacks are/were basically non-existent as the squeeze continued for two months, then the bids are pulled.
It's Social Engineering towards socialism!!! This is a scam, awash the world with High Inflation created on purpose by excessive printing and very high Debt, bringing majority of voters to there knees, then offer socialism as a solution. Ultimate government control, once a society depends on government to run it's economy, it's game over! Modern day slavery is what socialism will be in this era