This thought has made me more money than watching the news or wondering what caused that move.
The concept of the "Composite Operator", A Wyckoffian term, and it is the culprit of most major events in the market. Composite man as I call him is able to manipulate retail and the overall sentiment. A lot of people will say these old techniques don't work, what about PlanB's model instead? 135k called over a year ago... hmmmm
You don't believe in composite man? Well this might convince you otherwise...
One more pop up, over the recent highs, could even be a quick wick up, but it would trigger so many stop orders and so many new enthusiastic buyers to sell to. With {insert influencer of your choosing here} shilling their moon calls. Demo accounts getting REKT left, right and centre.
A perfect psychological play.
See Paul_Varcoe 's latest idea on this topic here:
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