Potential hidden aggressive sellers waiting for a pullback 2622?
Post-FOMC moves could be interesting as it would be the last known "major" event before the end of the year. After that, many operators would probably go on vacation.
I think it's possible that many bearish smart monies could be anticipating a potential bounce in order to trigger sell-orders in blocks, or step by step, unnoticed. However, the yearly support has already been tested a few time, and it could ultimately give way. As many may have already spotted, there is monthly bearish divergence on many indicators with the S500. Another seasoned trader also explained that it's the first time since years that the SP500 hasn't been under its Ichimoku cloud (kudos to this guy!).
Let's see what we will have today.
I think it's possible that many bearish smart monies could be anticipating a potential bounce in order to trigger sell-orders in blocks, or step by step, unnoticed. However, the yearly support has already been tested a few time, and it could ultimately give way. As many may have already spotted, there is monthly bearish divergence on many indicators with the S500. Another seasoned trader also explained that it's the first time since years that the SP500 hasn't been under its Ichimoku cloud (kudos to this guy!).
Let's see what we will have today.