[SPX] Gap Ups Getting Dangerous... Barely Holding 5Y Trend!

Same thing happened early August when Price approached this 5Y trendline.

It crashed one month from that and back below that point within 2 months. This time it'll crash back much more quickly, this corner cannot be unturned.

It didn't have the momentum necessary to get above this line during the trading session. Big Money/FED knew it needed an assist to keep Retail Trading Psychology intact.

Feels like more manipulation except this time around the wool has mostly already been removed from everyone's eyes so much fewer people will fall for it and dump more money in to chase another impossible to hold ATH.

Stinks of desperation.

They really are going for the pump all the way into election, data has always suggested they'd fall short and fail to keep markets afloat and that it needed to let off some steam in a bigger correction earlier in order to have a shot at being near ATH around election.

They got greedy and it's gonna cost them.

Another great chance to lock profits before the PUMP AND DUMP express leaves the station for good.

Commentaire:

It didn't even have the balls to try to test the top of downchannel.