“Irrational behavior is, ironically, the most predictable behavior.”
— Chris Carolan, @spiralcal
The human behaviors of buying and selling drive market price movement. Human behavior is often emotional and a herd mentality can kick in.
Market price tends to climb a “Wall of Worry” and slide down a “Slope of Hope.”
You saw it last week, the previous week, and you’re seeing it this week. You’ll likely see it over the weeks ahead, as well.