January-Feburary; Months For Reversals?

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Jan 29 2021

Stock market is quite volatile for the last few days and this can be in connection with GameStop and RobinHood which brings to the table some very important topics regarding regulations. As you know ratail-forum traders successfully fought the hedge fund which lost a lot of money as price of Gamestop shares increased significantly. Well, that's the market and how it function; price moves on supply and demand, and I dont see nothing wrong with that. But looks like the problem is when big players lose money, and they want to fix that. So the big players can trade how they want, only not to lose money but small people can't trade free but it's OK if they lose. BTW Enes called a nice fifth wave top at GME in our chat room, just before price came down back to the gap. BTW Enes called a nice fifth wave top at GME in our chat room, just before price came down back to the gap.
 


I also think that whole this situation, greed, FOMO and the latest events just telling us how late we can be in this stock market cycle. It's sound almost like mania that can potentially cause the opposite moves. It will be very interesting to see Weekly and Monthly closes today. Also, keeping eye on this SP500 wedge and DAX January/February reversals.

SP500,4H


DAX, MONTHLY