Since Trump came into power, he completely ignores the normal operation direction and gravity laws of the daily charts, regardless of the news within the day. Support and resistance, waiting for the closing line, all of it is useless. It can't withstand what the guys say, it has already turned into pure gambling on size ‹(⁼̴̀д⁼̴́)›

In the past, during market movements influenced by news like ETFs, one could roughly guess whether someone had insider information based on the market movements before the news broke. For such a significant matter, during the drafting and approval process, there are always staff members who know; information gets sold to Wall Street, which then dives in and creates this kind of preemptive movement.

Now, since the market liquidity is also being drained, there are usually no significant fluctuations. When there are no fluctuations, retail investors increase their leverage to pursue the same amount of fluctuation as their capital, luring us to play contracts (ง●皿●)ง, and then use news to take it all away in one go. This is how it was played in the previous bear market after the market was halved; the only difference is that this time it is still at a high level. After the lack of fluctuations, the conspiracy group can pull a small-level trick to deceive the foolish ones into following at a much lower cost, of course, the amount that can be sold has also decreased significantly.

Now on news days, before the President's speech at the Federal Reserve, the market's random oscillation range is large, filled with dramatic reversals. It must flip and then flip again several times; as for whether the flipping is odd or even, where it lands has become purely a matter of luck. The support and resistance and technical positions drawn when liquidity was good have become fragile and cheap now that liquidity is poor.

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Reaching this position and touching on a false breakout itself indicates that this hard support is no longer strong enough.