Has the correction begun?

[nooby_mcnoob]

As long as the FED keeps pumping money into the system, I highly doubt of any long correction. In the past, bubbles always pop cause money come from the private sector. Is this time the same? Whilst QE is alive, markets will continue to show up persistence.

The fed has already begun to pull funding from the market

 

[gowthamn]

So those who never sold (i.e. just about nobody) never lost (i.e again just about nobody). Some FACT.

Yes, if they never sold, they never lost because the market is UP overall from any point in US history.

 

[trader1974]

As long as the FED keeps pumping money into the system, I highly doubt of any long correction. In the past, bubbles always pop cause money come from the private sector. Is this time the same? Whilst QE is alive, markets will continue to show up persistence.

I agree but the market does not rise vertically, it rises in sawtooth.

 

[nooby_mcnoob]

Here is assets (otherwise known as QEeeeeeeeee) by themselves. Hit resistance. Not really just for the hell of it I drew that off a prior bump in the downhill road that happened to of lined up.

But note ROC on bottom of chart showed turn - indicator double top/divergent lower 2nd top in late Dec' 18 before data itself double topped 3 weeks later Jan 15 '20:
View attachment 217607

Thanks to the suggestion from SunTrader to look at ROC, I ran some ROC calculations on the number of accounts going long and... we have a downtrend forming short term IMO. Blue line shows growth in number of accounts that are long.

 

[SunTrader]

Yes, if they never sold, they never lost because the market is UP overall from any point in US history.

Another one lol.

Yes and if the tooth fairy came to your house last night you will find something under your pillow. Go check.

 

[Steve Alexander]

What do you think?

As long as Trump is president, the market is not coming down.

 

[Clubber Lang]

So those who never sold (i.e. just about nobody) never lost (i.e again just about nobody). Some FACT.

I see facts bother you
Oh well

 

[SunTrader]

I see facts bother you
Oh well

Facts don't bother me at all. Provide some ... if you have them rather than an empty claim.

 

[vincentnyc]

watch to see any btfd price action and if it makes any higher high. if you don't see any of these...yes, it is beginning of a downtrend for the spy.

 

[volente_00]

As long as Trump is president, the market is not coming down.

As long as a republican is president will we eventually see a recession and a 20% decline in SPX to 2645. Year 11 of economic expansion. Look up past economic cycles and what happens next


Take it to the bank