[TheLegace]

There was a massive sell off(consolidation) happening from Jun 20th until Jul 2 on the S&P. I know I made some profit off a buy position, but noticed that the trend continuation was taking incredibly long time to start, which is rare in a uptrend. This sell off was already in the works, not to mention sell structure that developed at the top. I wouldn't be so quick to say these things are random. Institutions with billions of dollars don't do things randomly. There was no black swan event this time. It was just time for the over bought market not only to correct but to actually reverse.

This is based on institutional theories or smart money of how price plays out in the chart. I have developing my theory for years using those principles(i.e Wycoff Methods[1]

[1] https://chartschool.stockcharts.com/table-of-contents/market...

[vasco]

I did not say these things were random at all, my point is that nobody can explain them because of the complexity - when talking about aggregate movements over time. It's like trying to explain the causal chain of events from a buttefly flapping their wings to a hurricane happening across the world. Or that if one of the twins slept closer to the window and saw the outside they will be more creative.

Regarding the technical impact of institutional moves, that is real, if someone does a huge sell block, you can explain the drop by correlating it, but those are isolated events and it's much harder to predict what the market itself will do than to explain, ah, five minutes ago blackrock did their quarterly rebalancing of their ETFs and you can see it in the chart - that's not what these analysts from these articles usually do, they just come up with something that sounds plausible for clicks searching for a reason.