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Looks like declining volume, declining momentum, and rising prices. Not sure "what volume says".

Spain began a 0.2% tax in January. https://www.marketscreener.com/news/latest/Spain-Financial-Transaction-Tax-FTT-Further-information-Update--33021635/

https://www.cnbc.com/2021/04/21/sen-bernie-sanders-introduces-bill-to-make-college-free-and-have-wall-st-pay-for-it.html Bernie Sanders is back with his 0.5% FTT proposal. Yikes. Hope this doesn't pick up any traction.

You may be right, but I'm thinking perhaps not.

Are you expecting a rapid spike upwards in the near future? Other traders can also chime in here, lol. Seems to me like it's a distinct possibility. Perhaps the market is biding its time until the time when Biden's infrastructure plan passes. And then it's off to the moon (perhaps).

https://kfgo.com/2021/04/14/eu-to-borrow-around-150-billion-euros-annually-for-recovery-fund/ "The EU is planning to have a financial transaction tax"... but no details. If anyone has any further details, please share.

Price went down, as I guess you are saying, but price also put in a higher high and a higher low.

ES momentum trendline sloping down all month (April) as ES continues to hit new highs. What to make of this, and how to trade it? Seems like you should be cautious on the long side due to the declining momentum. But what else?? Would it be wise to play SPY to the short side? If so, what...

https://www.nasdaq.com/articles/63-of-americans-oppose-a-financial-transaction-tax-2021-03-05 63% of Americans oppose an FTT according to Nasdaq.com

https://www.forbes.com/sites/norbertmichel/2021/03/31/a-new-financial-transaction-tax-and-glass-steagall-act-two-equally-misguided-ideas/?sh=1985d5117dde Biden agrees with Elizabeth Warren on a 0.1% transaction tax.

If you are suspicious of this rally, another thing you can do is to simply play the short side. Look for shorts. Avoid longs.

Buy a SPY put (of appropriate size), and continue daytrading.

Come back with your numbers in a year.

Robots will fix robots. One robot will fix 1000 robots. But then you still need 1000 robots to fix 1,000,000 robots, right? Correct. But one robot can then fix those 1000 robots. So basically you need one person in the whole United States to fix one robot, who then goes out and fixes 1000...

Awesome, Neke.

https://fintechzoom.com/fintech_news_stock-market/gme-stock-conservative-think-tank-comes-out-in-support-of-taxing-stock-trade/ "Some Congressional Republicans have privately indicated support for an FTT"

https://www.investing.com/analysis/would-a-transaction-tax-be-a-good-thing-200569686 Interesting.

https://thehill.com/policy/finance/543901-senate-democrats-reintroduce-bill-to-create-financial-transaction-tax "It could deter speculation, but it might also have negative impacts," Yellen said at a virtual event hosted by The New York Times. "...arguing that such a tax would help to reduce...

https://www.thecentersquare.com/national/op-ed-financial-transaction-tax-is-a-solution-in-search-of-a-problem/article_bea927b4-8756-11eb-8d84-878e3489a3df.html When France instituted a 0.2% FTT a few years back, trading volume on the stocks affected by the FTT fell by 24%.

https://www.thinkadvisor.com/2021/03/16/gop-bill-would-block-state-level-financial-transaction-taxes/ Interesting tactic by the national GOP. Nice move.