I see it but I don't believe it. SPY should have taken a turn down, follow the red trend lines, but did NOT. The red arcs are NOT REAL. If we follow the money, which we should always do... Note the bear trend in money flow in, versus the weak and deceptive bull trends in the other indicators, and in price. Note the gap up, right at the retest trend, and then that now famous "flash Up" doji, which everyone is discounting and dismissing. I say no. It was real. It may be a gravestone djoi, modified for the occasion. I know, I know, we are trending up from it, but... I smell a rat here. Something is NOT RIGHT. Why the gap, why the flash, without money flow in. Somebody trying to inflate price before the big sell?? Just saying, smelling a rat here. BEEEE CAREFUL. Other fishy smells, oil crashes and SPY stays a bull? Dollar breaks a 15 year resistance, breaks through, and euro QE coming, I say no, and turns bull after a serious double bottom off its 10 year support, and euro zone goes recession again (Greece issues, and other, who are they kidding, they did not solve anything). Talking heads sure wanting me to buy into this strong US economy good for markets story. Not buying it. Mouth says one thing, money flow in oppo all that cheap talk. Had a good year, not giving it back. Someone is manipulating this market for their own purposes, duh. HAPPY NEW YEAR EVERYONE :)
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jangseohee
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Who do you think is manipulating it? :-)
which comeback to the last question i ask
tradingview.com/v/nI8Ct66n/
claydoctor
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FED kept rates too low too long, and they know it, market is used to it, pros salavating on it. FED cannot raise rates, even if they want to, would spiral debt to GDP overnight(especially student loan debt - which no one is talking about- highest by far ever, with no collateral, just signature loans - worse than housing debt bubble, at , least there , there was some collateral), Russian rubble problems X 10, dollar. Rubber band stretched so tight, can't believe it hasn't snapped, and when it does, it is going to hurt. Looking for pros to buy this market up for one last rape and pillidge of the suckers. I know I am very pessimistic, but the bull run believers greed is now common place, and in order to sustain it, they have corrupted the hard drive permanently.
jangseohee
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Fed enjoy fabricating this permanent interest rate :-)
We have yet to reach the euphoria yet
claydoctor
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we are still very much an oil based industrial world, and for the markets to not follow the oil crash, well it says something big, not sure though, don't think anyone knows, or at least is saying out loud. It has to be rates, what else could it be? It could be a blip of stimulus to the consumer for lower oil prices, just in time for the Christmas rush, but it wont last.
jangseohee
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Wont last for sure but the message is enjoy while it lasts :-)
which comeback to the last question i ask
tradingview.com/v/nI8Ct66n/