Next move up in markets will be off rising commodities, that are fundamentally oversupplied
SPY
- Thread starter Phill Twist
- Start date
The market narrative is made up along the way to explain the mostly psychologically guided ebb and flow of price. Don't overthink it.
SPY is running out of gas here with EOQ window dressing, buybacks and Yellen love fest now all done. And sitting at wildly overbought levels.
All this red makes me think this somehow ends red tomorrow. I have enough plays betting otherwise, but you know how that works...
It's fun to just sit on top of this complacency, at ease, adding to the horde while waiting for the terror.
Traders who win trade with the assumption that the market is never predictable and formulate their strategies based on that fact.
The market seems a little bit inflated.
As it stands insiders are on a path to privatizing the market. A bit exaggerated, but as it stands it's an accurate statement..