The Nasdaq weekly chart has been in this strong multi-year uptrend and there is basically one reason for it.
The reason is in this chart that I saw posted over the weekend. It shows that stock buy backs have reached a record high. This will go on until it doesn't. This is also the reason why the Fed can't raise rates. Maybe this is exactly the kind of false floor the Fed intended to create so when it comes crashing they can say it wasn't their fault. We will only know when the time comes and if you have been following my blog you will know my target is mid September this year.
What more can you expect when the world is obsessed with discussing the colour of a dress on Twitter?
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