People are dieing for a correction here.
I dont think they get it... I think 2-3% corrections will be the norm, not 10-15-20%
Perhaps sectors within the index will have big pullbacks, like tech, but as long as that money sloshes around and rotates, then we trend sideways.
If new money comes in to buy the tech dip, or follow the rotations, then we continue up.
I drew a harmonic here, perhaps it has a reaction, we will see... theres also resistance above, but it probably means nothing.
The max pain from what I am seeing is new all time highs with everyone left behind...
Perhaps sectors within the index will have big pullbacks, like tech, but as long as that money sloshes around and rotates, then we trend sideways.
If new money comes in to buy the tech dip, or follow the rotations, then we continue up.
I drew a harmonic here, perhaps it has a reaction, we will see... theres also resistance above, but it probably means nothing.
The max pain from what I am seeing is new all time highs with everyone left behind...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.