If you didn't see the article, it's on Apple news that Tesla would be Joining the S&P 500. The article stated that a spoekseperspon from the Dow S&P Declined to comment. An analyst said that if it were to happen that the S&P would try it's best not to let it affect it's performance. >>>> apple.news/ATbNc9pQKTvK1CUiTgYGvLQ
Are we seeing this play out with the large amounts of volume in play, sprinkled here and there, with ver little price action. Are they trying to hide the buying of Tesla shares, while at the exact same time the same amount of buying into the index from the large players? If this speculation is true. I would eventually see it relax down to with a big push to the downside to 2984 or 3035 (Where previous downpushes were made) before skyrocketing up above 3250? Looking at it from a 2 hour chart >>
<< You can barely notice the increase of volume compared to the last 2-3 months. But I watch the S&P at market open all of the time. And when I see this amount of volume there is usually bigger price action than just 15-20 points.
Getting that news from yesterday while noticing these unusual pieces be put together could mean something bigger is coming for the S&P?
What are your thoughts?
Are we seeing this play out with the large amounts of volume in play, sprinkled here and there, with ver little price action. Are they trying to hide the buying of Tesla shares, while at the exact same time the same amount of buying into the index from the large players? If this speculation is true. I would eventually see it relax down to with a big push to the downside to 2984 or 3035 (Where previous downpushes were made) before skyrocketing up above 3250? Looking at it from a 2 hour chart >>
Getting that news from yesterday while noticing these unusual pieces be put together could mean something bigger is coming for the S&P?
What are your thoughts?
Note
Looking Very similar today SPX vs TSLA
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You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.