Markets Tend to Sag in the Absence of Authorship
Up requires proof.
Down happens on absence.
There is a misconception that markets rise by default.
They don’t.
What actually happens — especially intraday — is more subtle and more mechanical:
In the absence of active authorship, markets tend to sag.
What I Mean by “Sag”
This is not a crash.
This is not panic.
This is not sentiment.
It’s something quieter:
No aggressive lifting of offers
No sustained initiative
When that effort disappears, price doesn’t float upward on optimism.
It relaxes downward.
Earlier today, price was hovering above 6955.
There was no structural breakdown.
No news.
No catalyst.
No aggressive selling.
But there was also no authorship.
I projected a return to 6955, not because of a thesis — but because nothing was holding price up.
No intervention was required.
Price simply sagged back into balance.
And it did.
Most market commentary confuses two very different things:
Long-term positive drift (years, decades)
Short-term price discovery (seconds, minutes)
Positive drift is real — over long horizons.
But intraday price movement is not powered by drift.
It is powered by initiative.
Downward movement often requires nothing at all.
This Is Not Bearishness
This isn’t a bearish worldview.
It’s a mechanical one.
Markets don’t fall because they’re pessimistic.
They fall because no one is actively supporting higher prices.
That distinction is critical.