Artificial Rally to Complete the "V" Phase of W Shaped Recovery
Friday midday, the market looked like it was going to break out to begin a major decline back down to FIB 0 (DJI low of $18,169). Market held above FIB .236 (DJI $20,870) with the assistance of Fed playing "follow the leader" to artificially prop the market Friday afternoon. We consequently saw a strong bounce up to Fib .382 ($22,600), I think we see a rally to Fib 0.5 which is DJI 24,000.
The Fed is strategically playing "follow the leader" when it's most needed. On Friday midday, this market looked like it was setting up for an ugly week ahead. We were getting ready to break through FIB .236 to complete the cycle down to the low FIB 0 for a retest. The Fed is making calculated moves at the most oddly convenient times to try and trigger rallies. They keep injecting until big money follows the leader which unravels a domino effect of FOMO buyers who further drive the rally. The Fed will outbid the current market asking price. They will then have a shortterm corner of the market and try to trigger buyers to pay a higher premium to solidify that prop up. In other words, they overthrow the market makers and start bending the imaginary bid/ask line to their will, they then hope this move catches fire prompting people to be buyers at this higher premium level.
The Fed is strategically playing "follow the leader" when it's most needed. On Friday midday, this market looked like it was setting up for an ugly week ahead. We were getting ready to break through FIB .236 to complete the cycle down to the low FIB 0 for a retest. The Fed is making calculated moves at the most oddly convenient times to try and trigger rallies. They keep injecting until big money follows the leader which unravels a domino effect of FOMO buyers who further drive the rally. The Fed will outbid the current market asking price. They will then have a shortterm corner of the market and try to trigger buyers to pay a higher premium to solidify that prop up. In other words, they overthrow the market makers and start bending the imaginary bid/ask line to their will, they then hope this move catches fire prompting people to be buyers at this higher premium level.
