At times I wonder, anymore if charts can be trusted. They are as easy to manipulate as the markets themselves..........
Whether traders are actually buying stocks, or as the case now appears to be for 12 consecutive weeks, they are not, is mostly irrelevant: even with 3 straight months of outflows from mutual funds and ETFs, the important thing is that someone is pushing the market higher, and whether that is buybacks or a massive short squeeze, the S&P is rapidly approaching the massive resistance level at 2,800 where three of the last four breakout attempts have fizzled.
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ACCORDING TO THIS CHART. S%P is ready for a big dump, BUT as we know algos can do anything............
http://www.zerohedge.com/news/2019-02-22/bofa-here-sequence-events-will-lead-next-crash?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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