ES. Excess price or breakdown?
We are in the seasonal twilight zone where the market doesn't know whether it is going to continue with the santa rally, a rally that was conducted on relatively low volume, or look towards January and February with a bearish mindset.
In 2021, the bearish sentiment was greatest during this deep winter period, then the greater market continued to make newer highs as the year proceeded. Now its 2022 and we are still riding that bullish wave. I am constantly shocked and appalled that the market keeps going higher as wealth inequality grows and government can't pass the dominant party's agenda, but situation normal apparently hasn't spooked Wall Street. As price would suggest, it may, in fact, encourage Wall Street.
In 2021, the bearish sentiment was greatest during this deep winter period, then the greater market continued to make newer highs as the year proceeded. Now its 2022 and we are still riding that bullish wave. I am constantly shocked and appalled that the market keeps going higher as wealth inequality grows and government can't pass the dominant party's agenda, but situation normal apparently hasn't spooked Wall Street. As price would suggest, it may, in fact, encourage Wall Street.
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