the price action is all one-sided, even the price action down is the same algo thats taking it up. Price stalls, because noone is selling it, (no short fuel), unless the MM's want to be net long with inventory.
the market makers ala the FED/FOMC is using the markets own fuel against it, they are goosing the market to sell low and buy high. If they have killed most everyone, to the point noone is selling it, than price stalls. And thats what we have now.
there is so much disgust with market, the people I have spoken to are basically not playing the game. They took their chips out. The fundamental backdrop is so negative, it makes most everyone want to puke when thinking about going long at these valuations. The FED/FOMC fucked up, they should have let the market go through its cycle of destruction and rebirth as past cycles. Instead they are micromanaging almost all the markets to preserve these artificial prices. Its like the movie 'the big short', when the market refuses to price the derivatives appropriately because, pricing them realistically would blow them out.
the only time they will let them be priced based on market forces, is when its to their advantage to do so. If agencies exist to protect the security of this country, wouldn't you think they have a financial agency that does the same thing but in a financial sense?
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