system
A chat on subreddit /r/wallstreetbets
human
What catalyst takes the S&amp;P down over the weekend or on Monday?

&amp;#x200B;

SPX closed over the 200-day MA on Friday. 

&amp;#x200B;

The week before it also closed over the 200-day MA.  The following Monday was a holiday but on the next trading day (Tuesday) it closed over the 200-day MA as well.  Wednesday was the big sell off due to econ data and Fed Speak.  Then the reversal hit with Brainard's Fed Speak.  Then we're back up to the 200-day MA.
gpt
What’s the catalyst for it to go up? Besides being over sold we are still in a strong down trend. 

I think we are going up to complete a H&amp;S but at this point it still needs to coil a bit more to do that. I can see it hitting the top of the downtrend and go back down. The market can over react to any headline right now. Debt ceiling, Ukraine getting more money, layoffs yada yada. Layoffs were bad a month ago now they are good. Catalysts are random and used to the markets advantage don’t you think?