The market refuses to go down,
which is causing true believers to do one or two things right now.
Either hang in there, believing that future buyers will lift price past major resistance at 2817,
and then it's onward and upward from there.
or the new buyers are being made to pay up and buy at 2800 resistance,
because price is not dropping enough for a decent pullback, so they bite the bullet, and market order..they're in.
It's the market, and irrationality always rules.
To my eyes the pattern that's building seems to be one of forcing
all of these late buyers into the top litterally..
See the rounded top sketch I have drawn on the chart.
The market will keep churning and doing that, until there is not anymore room left for anyone at these prices.
It is only then that the market will decide and break one way or the other.
Kinda like watching the fresh coat of paint dry on that room where you always go.
But ultimately there is going to be a price paid for familiarity and comfort at 2800.
Someone' is going to get burned.
THE_UNWIND
3/13/19
NEW YORK
which is causing true believers to do one or two things right now.
Either hang in there, believing that future buyers will lift price past major resistance at 2817,
and then it's onward and upward from there.
or the new buyers are being made to pay up and buy at 2800 resistance,
because price is not dropping enough for a decent pullback, so they bite the bullet, and market order..they're in.
It's the market, and irrationality always rules.
To my eyes the pattern that's building seems to be one of forcing
all of these late buyers into the top litterally..
See the rounded top sketch I have drawn on the chart.
The market will keep churning and doing that, until there is not anymore room left for anyone at these prices.
It is only then that the market will decide and break one way or the other.
Kinda like watching the fresh coat of paint dry on that room where you always go.
But ultimately there is going to be a price paid for familiarity and comfort at 2800.
Someone' is going to get burned.
THE_UNWIND
3/13/19
NEW YORK