Fascinating.
The Weekly Close in the S+P 500, a hair below the high price of the week,
belies the fact that" Resistance Above" is being tagged every step of the way up.
The upside move above 3000 this week, especially seen on Friday,
is a tightrope up the ladder, making sure that those who want to get in,
are allotted not only plenty of time, and for just the price they want.
To my eyes this is like slowing seating everyone in the arena,in an orderly procession,
and allowing them to come in to the stadium seats, just a little further back
than the last person, but still plenty of view, in the upper decks. for the very big game.
Rarely have I seen such an orderly procession of buyers be able to sit, just where they want
in the far bleachers and not have any kind of chaos whatsoever over seating arrangements.
The big crowd continues to expect to be entertained,
and the only sure fire way to do that, is to charge just a little bit more
for ticket prices, for what they affectionately call the "johnny come latelys.
The analogy I am trying to make here is simple.
Bearish divergences continue to be seen in key indicators, in intra day time periods across the board.
RSI shows the bullish S+P breakout above 3000 on Wed, has been the high RSI of the week,
even as price continued to rally an additional 13 points, RSI began to fall off, and diverge.
Record are made to be broken.
This one is being squeezed out by every drop of price available.
3000 is the seduction. It's what they call the very big game.
And most tellingly,they need an absolute full house for the big game.
This is exactly how to do it. Crowd management at it's finest.
One seat at a time, so no one else is ever disturbed.
.
SPX Last 3013.77
THE_UNWIND
7/12/19
NEW YORK
The Weekly Close in the S+P 500, a hair below the high price of the week,
belies the fact that" Resistance Above" is being tagged every step of the way up.
The upside move above 3000 this week, especially seen on Friday,
is a tightrope up the ladder, making sure that those who want to get in,
are allotted not only plenty of time, and for just the price they want.
To my eyes this is like slowing seating everyone in the arena,in an orderly procession,
and allowing them to come in to the stadium seats, just a little further back
than the last person, but still plenty of view, in the upper decks. for the very big game.
Rarely have I seen such an orderly procession of buyers be able to sit, just where they want
in the far bleachers and not have any kind of chaos whatsoever over seating arrangements.
The big crowd continues to expect to be entertained,
and the only sure fire way to do that, is to charge just a little bit more
for ticket prices, for what they affectionately call the "johnny come latelys.
The analogy I am trying to make here is simple.
Bearish divergences continue to be seen in key indicators, in intra day time periods across the board.
RSI shows the bullish S+P breakout above 3000 on Wed, has been the high RSI of the week,
even as price continued to rally an additional 13 points, RSI began to fall off, and diverge.
Record are made to be broken.
This one is being squeezed out by every drop of price available.
3000 is the seduction. It's what they call the very big game.
And most tellingly,they need an absolute full house for the big game.
This is exactly how to do it. Crowd management at it's finest.
One seat at a time, so no one else is ever disturbed.
.
SPX Last 3013.77
THE_UNWIND
7/12/19
NEW YORK