It's happening right now. Can't all happen in 1 day. Already a massive move since Friday and it ain't close to being over. Market is going nuts with the most insane pump ever.An entire months decline about to be wiped out in 5 days.
Not sure what your point is. I'm not here to argue with you. We are seeing the most unprecedented market action ever. Never seen anything like it before, where every drop/threat of red is instantly wiped out by a V. If you don't see that, I don't know what to say, but it's definitely real and I am not making it up.
My point is where were you last year? You are like every other zero-risk free$$$ joker who comes out to tout the bull only when it's bullish, and DARES the market to fall, but don't put money where the mouth is. It is misleading to newer readers who may actually trade based on what you say, and it is irresponsible. (Yeah, we know how dumb that is in hindsight, but try to imagine your audience.)
I wasn't part of this board, but an occasional lurker. How is it irresponsible? It has yet to fail this year. Sure maybe if you pick one random data point where you built your entire position, but who does that anyways. Any big red bar, red day you buy and you are making money this year and pretty quickly. If it changes I will be the first to say so, but it has not this year. Last year was so different-not comparable. And I don't feel I am misleading, because it's been the most profitable way to trade this year. Assume they have your back and every dip will be bought. And if initially it doesn't work, you can average in to a position that it will work. If you take a closer look into charts you will be blown away by how real the V thing is.
Lot of compression down here on the old breakout/ previous resistance. looking for 4390/4400 spx touch on reaction from 4190-4220
And if you turn it upside down what do you get? You get a "^" (or A), which has now manifested twice since Aug 1st-ish, most recently around the time of your post.