You know in the last 12 months , there has been a rampant global intervention across the planet, which intensified in the last few weeks. However, no such power can ever push this index higher if the market is destined to move into the oblivion on the back of epic C-Wave seen on every single market and sector. Because if the market is to fall in such way, this index should diverge in a gross way.
Since mid-September, MP has been making lower highs while all other major indices made significant new highs, especially defensive and lagging indices. There are fundamental reasons for this, like the one I talked about yesterday but who needs to know if the market already know them.... Did you see what happened to retail index today. Yes there is a santa rally coming but I am afraid it will be upside-down.
