Yes there is arguments for both sides from a fudamental basis, but due to the long term nature of that chart the chances of it breaking above the upper trendline are very slim. It could of course gyrate up and down and hug that trendline. But my daily and weekly charts show it to be in an ending diagonal which is a terminal pattern.
Blackrock Vanguard and State Street effectively control the market and will goose it until election as they are in bed witj democrats and need them to retain power. They simply need to manipulate the FAANGS to goose the market as per your observations..
Once the election result is in they no longer need to goose the market, and will stop buying at these levels and if Trump wins they will actively short the market, as they have no intention of ceding power.
The Bear Room, page-3172
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Last
$2.92 |
Change
-0.080(2.67%) |
Mkt cap ! $3.812B | |||
| Open | High | Low | Value | Volume |
| $2.98 | $3.06 | $2.91 | $36.55M | 12.23M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 43995 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.93 | 8392 | 1 |
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