It’s definitely losing steam. The declining volume is usually an indication that we are slowly running out of buyers.

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by mfunkman

Though I wouldn’t discount the possibility that it will break out on some gay fake news pump and suddenly the technicals will look bullish.

Honestly not sure why the market hasn’t really reacted to what looks like another trade war flare up. There is absolutely no reason whatsoever to be buying here and it takes a lot of willpower to not simply spend my days spewing insults at anyone making bullish remarks.

We were in a market bubble going into the pandemic – if we make new all time highs it wouldn’t be bullish IMO: It would indicate early phase hyperinflation starting with financial assets.

 

 

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