In 33 hours we'll probably be below 5300
I expect a weekly close below 5300, so that both the bull and bear narratives are kept alive.
This is in the interest of the big guys, independent of what longer term direction their interests may align with;
- If they want up, they'll make the most money by first attracting extra retail shorts at such slightly lower levels
- If they want down, they must avoid a close above 5300, because that would strongly suggest the bear market is already over (at least that the bear market bottom is already in)
This is in the interest of the big guys, independent of what longer term direction their interests may align with;
- If they want up, they'll make the most money by first attracting extra retail shorts at such slightly lower levels
- If they want down, they must avoid a close above 5300, because that would strongly suggest the bear market is already over (at least that the bear market bottom is already in)
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