Two key forces are driving the market upward. On one hand, individuals who missed out on earlier gains and are eager to recoup their losses are waiting for a market downturn to re-enter. On the other hand, savvy traders are drawn in by the lucrative opportunities and are swiftly entering the market, fueling further growth in the short term.
However, when those who initially missed out join the market due to FOMO (fear of missing out), a correction will begin. The overall market pattern is characterized by gradual ascents and abrupt declines. The upward movement is remarkably stable, while downturns are intense and swift.
The market "pins" downward rapidly, only to quickly rebound and continue its upward trajectory, simultaneously clearing leverage and rising. Recent account balances have consistently reached new highs, and the current moment presents another critical test of resilience.
Will the market sustain its momentum or experience a reversal? The upcoming period will be crucial in determining the market's next move.
