We continue to see the market jacked up as we trade into the Memorial Day holiday.
It was the funniest thing to see the market panic bought at yesterday's open on a US debt downgrade, but this is what the manipulators do....
They like to trap the retail short sellers, and then squeeze them on light holiday volume.
$SPX -Declining Volume
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| 6 day winning streak 5/20/2025 |
You could hypothesize that this is the smart money off loading their positions to retail investors.
There is a bright spot in the market, and that is in the Healthcare sector, and the 3X healthcare bull $CURE is already 10% higher after last week's shakeout.
Short Term Outlook $SPX 6200
Could even go to new all time highs once the volume dries up. $SPX $VIX
— Veteran Market Timer (@3Xtraders) May 20, 2025
This is typically what the controllers like to do; drive it back to new all time highs, on some, "historic winning streak" (fake news), before crashing it again.
I have accurate targets, but I don't hand those out like free candy on Halloween night.
People no longer want to pay for alerts. They'd rather chase Crypto gains, and meme stocks.
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