Incogniteaux
Short

This cannot be sustained

FX:SPX500   S&P 500 index of US listed shares
384 2 5
I don't know what planet you bullish people are from, but no market can sustain this trajectory without profit-taking, and that's not the only vulnerability. There's a %^*$&^ price war on oil             going on! This thing will pull back. Buying hysteria can only drive a market so far, unless you think there are good reasons for this price action to be going virtually straight into the sky. Please enlighten me.

Not to mention, volume is diminishing.
Leo.Ash
7 months ago
Volume is diminishing so more easy to pop up... This year we have US elections, SPX can be easy going until 2.300 - 2.400 level. Follow the trend...
Reply
Incogniteaux
7 months ago
Diminishing volume is significant of something. When price rises on low volume it's considered weak market movement. it means sellers have diminished, but not with a congruent level of buying. Smart money isn't buying right now and that couldn't be more clear.
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