WyckoffMode

My Thoughts Beginning With Monthly; Down to the 4h Time Frame.

OANDA:SPX500USD   S&P 500 Index
We're nearing exhaustion. I would not be surprised if the trading day today ends in the negative (red). I also believe the plunge protection team is in place to keep the market relatively up until AFTER the 2020 election. THEN we can expect a serious drop in order for Wall Street to properly reflect Main Street.
You're the first person I've heard mention the "Plunge Protection Team" put in place by this administration to essentially, as you rightly point to, keep the market afloat until AFTER the 2020 election. While they have many levers at their disposal, they can't control the Fed, not outright anyway, and the market may ultimately bulldoze over their efforts to keep the market afloat between now and then. It will be interesting to watch none the less- great analysis as usual, thanks D!

+1 Reply
WyckoffMode jeremy.jacques79
@jeremy.jacques79,

Thanks Jeremy,

I'm tired buddy... I need some sleep. ; )

Cheers,

David
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