Going back to what I said in the opening, there is no surprise in that. I saw this major breakthrough. The price has indeed broken through that zone which it had rejected several times before.
You can see that clearly on the graph. After that, I started thinking about the basics. For example, what is the reason for this movement? As many of you know , and as an active day trader myself, we have a 23-hour trading session coming up.
The Nasdaq index is the leader in this field. As December approaches, they are reacting to many things. We are seeing all these international cash flows coming into the American markets.
It is truly the most attractive place to invest your capital. And I think they have been talking about this for years and years . I remember 20 years ago when I started trading, they were talking about this .
But I think the prediction markets capture a portion of this speculation, so they want to expand its scope. And when you think about it, more trading volumes, more trading hours.
Well, who benefits from that? It benefits the stock exchange itself. Therefore, it is a powerful graph. I love the idea of moving towards 23-hour trading, and it's one of the few powerful charts I can find.
So, I like the look of it breaking up what looks like a double top.