Technicals are very bearish 100%, but the way this market trades and the nonstop buy the dip make V thing is still a factor. That 468 gap is getting filled
You need to be mindful that V-boyz, for that last few days, have not been successful at holding them bears back. Tread carefully. smh...
They're still betting on a September rate cut. If Unemployment doesn't soften too much over the coming Weeks, will that change, causing another strong Pullback? All eyes on the Unemployment data at the end of each Week.
How many times this year have we seen the bearish close and not a single red print the next day. Just straight gap up and go. There's a reason this is the most difficult market to bring down in history.
If there's even a moment where you think the market can actually go down, forget about it. No matter how it looks in the chart, no matter what happens , it's never going down. You think it's fading and they shove intense green candles right back at it. This thing really does have unlimited money to pump and endless V shape recoveries to every drop.
Yeah, but if what you say is true, why did the NASDAQ close down for the last 3 days? It kinda makes you wonder, eh?
It's just been sunshine and rainbows post COVID, with all this governmental cash injections. Market is still benefiting from it years later. Only people unhappy are the Bears and @Overnight , but Overnights always unhappy!