Story of the last few days has been move down a few points, trade sideways to burn off oversold charts, move back even higher. Sell-off a few points again, trade sideways and move back even higher again. It's ridiculous. You would think there would be some profit taking or shorting up here to get a healthy pullback, even if we move higher after that. But absolutely nothing. Instead we just keep ramping higher like right now.
i wish that is what it is but I think this consolidation is going to break up now and that 1200 target is getting very real.
News just does not matter and i have been fighting the tape.
If you were the market makers, wouldn't you clear the overhead shorts just before you tank the market for real? I would…
Spoken not a minute too soon
Bastards are going to pop all the stops right above the HOD going into the close. Seems very obvious.
Story of the last few days has been move down a few points, trade sideways to burn off oversold charts, move back even higher. Sell-off a few points again, trade sideways and move back even higher again. It's ridiculous. You would think there would be some profit taking or shorting up here to get a healthy pullback, even if we move higher after that. But absolutely nothing. Instead we just keep ramping higher like right now.
Look at adx chart on 1 hour.
it looks like an animal i shot last fall
FYI, a lot of VXX call buying today as well at that Aug $22 strike
It looks like a mini ending diagonal the last hour. LOL.
Just the computer bots… that's the only one's dumb enough to buy at these levels… LOL
Who is so eager to buy that they keep stepping in even if we drop a point. Just unreal.