Bullish bags. There is currently a spike in demand for the product as top buyers compete to hold as many as they possibly can.
SPY
- Thread starter Phill Twist
- Start date
brexit fear over? so why uk property fund keep on blocking redemptions? lets see what will happen when the block is lifted.
The millennial market. In a bull super cycle so this is all they know and hence conditioned to BTD. I was there in 01 & 08. It changes
Never mind global turmoil: terrorism, stagnation, low rates, brexit. up up up. markets officially disconnected from reality.
Top buyers are putting their heads in the noose. The market will kick over the chairs. All in due time. Wait and do not capitulate.
So 216 will have some small psychological support again, but real support is at 215.75 (fri low) then even more 215.66-70 previous days. Some algo literally keeps stepping down here and giving it a boost as it almost breaks each time. over 216.40 they'll get some covering.
Another consequence of the FED induced bubble is the creation of a new housing bubble due to abnormally low interest rates.