https://www.elitetrader.com/et/thre...isk-in-the-sp500.85694/page-2527#post-5421248 "THEY won't allow a sell-off". He means the Fed. Rising used-car prices has nothing to do the fed. Read the post I just linked. Put that in your kettle and drink it.
Two things are going to happen tomorrow morning. Rickshaw will stay silent and post nowhere about this sell-off until the market rises again, which could be in days or weeks, or he will post about "sell-off, what sell-off" again if the markets turn green by the cash open. These are the only two possible universes that can exist.
Actually as I posted days back, last week's mid week $SPX ATH high was the time - an almost exact 100% (100.4%) move off March '20 low @ 6.68 points (nearly 6.66 or 66.6% ratio) per trading day equaling a Gann time and price squaring
Don't worry folks, dip buyers always show up....until they don't. It's mind-blowing how some can call for a correction after the correction has started.
Relax citizens, once the big tech companies start posting their earnings, markets will be back at record highs.