From what my experience tells me, The SP looks as if it's being suppressed whilst someone/s accumulates.
The chart does give the impression that the SP may hit 2 or lower, however, I believe (will say again) the buying volume over the week is what gives it away that something positive may be happening IMO.
I think many traders may be/ were waiting for 2 or lower to be hit, thus the relatively quiet day yesterday. The S&P 500 dropped last-night & night before as well, so perfect time for accumulation IMO.
It's Friday, so there may be a bit of FOMO this avo and IMO will see green today.
I have no idea of what is coming (fundamentally to be announced), however, I believe something may be brewing here.
DYOR.
ENV Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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