Looks like a wedge forming. Market does not want to break any barriers right now - neither on the upside nor on the downside.
What is the incentive to hang around here? There is a big carrot floating in the distance - $2 trillion. Maybe more pork. Why sell now? Surely, there will be better price ahead. Those with a conviction about what the market should do - doom, gloom, etc., I can assure you the top 1% is working hard to save their estates. Follow their lead if you want to break into the 1%.
I was expecting consolidation and had the markers up on my charts for a while now. I posted my belief that the shelf changed to 285-295. NDX keeps setting higher highs. Big Money is cycling through companies/sectors to keep the market stagnant. Divergences are growing day by day. Something has to snap soon. Just be ready to jump in when it does!
What is the incentive to hang around here? There is a big carrot floating in the distance - $2 trillion. Maybe more pork. Why sell now? Surely, there will be better price ahead. Those with a conviction about what the market should do - doom, gloom, etc., I can assure you the top 1% is working hard to save their estates. Follow their lead if you want to break into the 1%.
I was expecting consolidation and had the markers up on my charts for a while now. I posted my belief that the shelf changed to 285-295. NDX keeps setting higher highs. Big Money is cycling through companies/sectors to keep the market stagnant. Divergences are growing day by day. Something has to snap soon. Just be ready to jump in when it does!