SPY: Every dip is bought by some mysterious entity
Since June-2020 the SPY has not touched the 200-day moving average.
Every dip is bought up by some mysterious entity.
US Federal Reserve money printing, which is causing massive inflation in the real economy, is pushing the SPY higher.
Will the mysterious entity allow for a 5% or 10% correction. Will a 15% correction be allowed?
Cash needs to go into assets, otherwise the high inflation is eating it's purchasing power.
US Federal Reserve money printing:
Stock Market keeps going up.
Real Estate Market keeps going up.
Commodity prices keeps going up.
Those who hold cash and don't own assets get hurt.
Every dip is bought up by some mysterious entity.
US Federal Reserve money printing, which is causing massive inflation in the real economy, is pushing the SPY higher.
Will the mysterious entity allow for a 5% or 10% correction. Will a 15% correction be allowed?
Cash needs to go into assets, otherwise the high inflation is eating it's purchasing power.
US Federal Reserve money printing:
Stock Market keeps going up.
Real Estate Market keeps going up.
Commodity prices keeps going up.
Those who hold cash and don't own assets get hurt.
Comment:
SPY getting to the point where the mysterious buyer might start entering the market to hold it up. And If Apple (AAPL) goes down from here the SPY will follow.
Comment:
The mysterious buyer might let the SPY go below 444, maybe to bring in the bears before pushing the market higher.
Comment:
Will the SPY hold 444 or will we get a late day recue buy again. And are the retail traders getting nervous and not buying the dip?