Your end-of -month idea looks accurate. Could be head and shoulders half way completed. A smaller and a larger. Here is where the pros get off for the summer and all the new traders that bought robinhood accts take over. .Lets see how well they keep this propped up on their own. Sell in May and walk away...
Lets see how the market holds up with that on top of everything else.
Dr_Roboto
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@ProfitHarvest I don’t know. So far it has shrugged off lower than expected gdp and even more unemployment claims. In addition to a 4% mortality rate and the ability to spread a symptomatically, It seems that coronavirus also causes irrational exuberance.
I am stunned by how many days it has gone without a pullback. Today looked like it, but S&P finished in the green..
There was a lot of downward pressure today (a lot of long shadows on the candles) but it was met with equal and greater buying pressure. Hard to see what can stop this bull.