TVC:SPX   S&P 500 Index
In the so-called smooth market, functioning the S&P500 has had 14 gaps in the last 16 trading days. A correction seems quite near. The rise of crypto is also an expression of the societal collapse of trust in the monetary control of central banks and their credibility with the public.
Overstretched MACD , how long can this hold? The broader market is barely moving intra-day and the occasional dips are ferociously saved and bought followed by hours of tight range chop action. With most market gains entirely driven by overnight gap ups.


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