short term, only shorts are in the game, not GS. there is no big picture top. once the shorts finish there will be no follow up selling and market will reverse and slowly go up as it has been doing. have fun making your 20-80 points the market is NOT overextended
Yes more free money because of this higher tighter channel. Add that in plus the fact that when they release the new coronavirus medicine the markets should rally an easy 15% into spring.
Not looking farther than that, anything can happen. But the macro picture is changing slowly. Lowest PMI in 5 years. Not a prediction, just following the market.
So what happens if the Coronavirus gets everyone quarantined worldwide, like the billion people already in China (streets are empty in most Chinese cities). Would the chart play any role in this?
then maybe it can only increase from so markets may focus on that. markets go where GS wants...….if GS does not sell...….it can only go slowly and steadily up
if that is worse than expectations, then we are looking at a spike down and then huge up so that GS can sell at good rates ….and then after all the shorters are dead, market will crash the markets do not conform to the crowds expectations it goes opposite
I don't know what GS is doing, I don't know if they are responsible for market movements. I just follow the market. End of story. There is a guy I follow on YouTube, MyStrategicForecast, and he always talks about the market as a "they". IMO, sure the market can be manipulated but it is unhelpful to try and figure out what "they" are GOING to do, just what is happening.
by NOT doing something.....GS by not selling...….the market will go up....the shorters will be trapped you cannot be blamed for NOT doing something. but I am just having fun here I just trade my 5 min....