into yet" another" continuation upside move towards 3100.
When patterns have conclusions, it becomes "doubly .
The market is certainly proving that if they can't take it down,
then the bulls will step on the accelerator again and again,
and continue to push prices higher.
In a way, both the bulls, and the bears seemed trapped in this pattern,
with the bulls not wanting to sell, and exit the market, and the bears being forced to capitulate at higher and higher prices.
Pattern In Place Suggests Will Be No Easy Way Out.
for those who wish to take the full ride to the finish line.
Caution is advised.
And the question remains to be for anyone still looking for reasons and doubting it..
why wouldn't you want to be long this market ?
ESZ Last 3090.75
Your title pretty much sums it up: the market refuses to break. The algos are keeping this market held upwards off of continuous trade talks and fed cuts (and world-wide central bank cuts and QE). This is exactly why Trump ended up caving trade into "phases", so he can pump several phases to keep the market going.
Technically speaking the market should have corrected deeply a long time ago, but in reality, the market is incredibly manipulated like no other.
The only way I can see the market crashing beyond a typical correction is: 1) an unexpected escalation in trade (probably won't happen), 2) massively dwindling economic numbers beyond expectations (likely won't happen until late 2020), 3) nothing left interest wise for the Fed to cut (likely will happen by late 2020).
This feels like the 2007 before the 2008 all over again and overall I believe will have 6-8 months of decent returns but will have to watch out coming Q2 and beyond of 2020.
I can see the "end goal" in this market being 3150 before a 5% pull-back, and the top being anywhere from 3400-3500.
Extremely insightful analysis.
Intelligent. Well put.
But, I do believe the bull market will continue, after that, into early next year. The regurgitated China news may need to dwindle in the algorithms before any decline.
It seems that way..
Doesn't it ?