Excess liquidity kills volatility and causes bids to rise relentlessly.
But when you zoom in to hourly or shorter, it’s whippy. Whipsaws and false breakouts galore. They’re brutalizing day traders. Meanwhile, the 2-3 day cycle projection is 3390.
The path of least resistance is still up. Cycle projections say the S&P will make new highs, and not just by a little.
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