A stock market top right here?

Did the stock market top out on 4/7?

  • Yes

    Votes: 42 33.1%
  • No

    Votes: 60 47.2%
  • not sure

    Votes: 25 19.7%

  • Total voters
    127
Quote from thorn:

This post time-stamped with s&p at 1292. Looking for a major reversal either late this afternoon, or into the next few days. Target = 1260.

Today's action makes me pretty sure that s&p 1260 is going to come to fruition in the next few days.
 
Quote from thorn:

Today's action makes me pretty sure that s&p 1260 is going to come to fruition in the next few days.

i need more convincing -

i took today as a hangover from last week. sans Iran escalating nuke issues, earnings season will give the market direction.
 
5 handle on the 10 yr, ripping commodites, trade inbalance, $, these aren't issues? Answer = they aren't until they are and the mkt will tell us
 
Quote from thorn:

Today's action makes me pretty sure that s&p 1260 is going to come to fruition in the next few days.


Why so confident....? What would change your mind?
 
Quote from CPTrader:

Why so confident....? What would change your mind?

I am confident. And there was no mind change. Been consistent throughout.
 
Quote from thorn:

I am confident. And there was no mind change. Been consistent throughout.

I didn't say you changed your mind...I just asked what would make you change your mind. Aren't great traders meant to be FLEXIBLE?

I'm just trying to understand your thought process - source of conviction and what would eliminate the conviction?
 
Quote from krazykarl:

i need more convincing -

i took today as a hangover from last week. sans Iran escalating nuke issues, earnings season will give the market direction.

I don't believe it is well founded to try and interpret daily news. Market technicals will generally tell you what the market is feeling. Stay clear of news items, or lack thereof, on a daily basis.
 
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