I suspect there's just too much cash sitting in the wings (next gen investors?) waiting for buyable dips that even MMs are shy to take on a correction campaign ie no courage or appetite in the smart money/big end of town.
Also, with more big 'spending bills' queued up to be passed, a timid Fed and "bad news is good news" it's hard to see a conviction breakdown anytime soon.
Globally, governments have learnt from 2008 and are will to "do whatever it takes" to stay ahead of the game and prevent a crash.
Maybe a blow-off top might trigger peak fear, but the market has been fairly well behaved lately lol
True, the market can't keep this trend up forever, but who's got the balls to call it.
In the end a good bout of inflation will fix it and create a new level playing field, but at what cost to society.
samitrading
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@Chillam, Exactly, 100% agree with you buddy great points. Lest see what seasonality brings to to us in September/October.
wish you the best.
samitrading
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@Chillam, Just to add to your points bud, there is also big funds and market maker that out of the market as well waiting for a good
pullback/correction just couple of trillions or so as they say :-).
odyszeus
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Considering how the SPX chart looks on the weekly and monthly, we may be in for a much greater correction this time. May 2020 ranges of correction are likely.
samitrading
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@odyszeus, Totally agree the only thing missing here is the catalyst, we are just over due for a nice correction.
Also, with more big 'spending bills' queued up to be passed, a timid Fed and "bad news is good news" it's hard to see a conviction breakdown anytime soon.
Globally, governments have learnt from 2008 and are will to "do whatever it takes" to stay ahead of the game and prevent a crash.
Maybe a blow-off top might trigger peak fear, but the market has been fairly well behaved lately lol
True, the market can't keep this trend up forever, but who's got the balls to call it.
In the end a good bout of inflation will fix it and create a new level playing field, but at what cost to society.