Because everyone expects it. Nay, demands it as if the market is obligated. Time to pull the rug. The damage done by COVID has set us back at least a decade. It will reflect in the stock market soon. Warning retail to get out of the market as it will go down nasty. The market moves in waves. We had 10 years of stock market growth. We will likely have a quick and deep correction and then toil to get back to newer heights with a legitimate economy to back up the market.
Note
weekly divergences. looking for 33% to 50% pulback. may not happen but chances of large correction are high given the amount of time rsi/mfi have to reach oversold. folks have been conditioned to buy the dip. Note
never say never but not this time. confused? that trend line can allow price to climb along its slope reaching 4k without breaking it. however, the tape has to rest some. divergences on momo indicators. do we crash, never to actually see 4k? no way!here is how the dip registered on spy that set ath this week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.