ER2 has topped?

Quote from lolo24ca:

it's just above the daily R2....i don't think will see a major correction today...maybe monday
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We are not going to correct unless there is a catalyst.

If there is no catalyst then we will go much higher.

Back in the day, nobody went home long on a Friday. Now, nobody goes home short.
 
Quote from stktrdr:

We are not going to correct unless there is a catalyst.

If there is no catalyst then we will go much higher.

Back in the day, nobody went home long on a Friday. Now, nobody goes home short.
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Traders trade... but all you do is talk
 
Quote from lolo24ca:

looks like is gonna be another boring session tommorow, 'till wednesday when the FOMC meets. :mad: will see
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Expect the R2k to tread water and maybe test the highs. Whatever the statement on Wednesday afternoon look for the market to drop initially before rallying to test the highs. So if you need to get long wait until Wednesday afternoon. You should see 765 print.
 
Quote from stktrdr:

Expect the R2k to tread water and maybe test the highs. Whatever the statement on Wednesday afternoon look for the market to drop initially before rallying to test the highs. So if you need to get long wait until Wednesday afternoon. You should see 765 print.
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VERY GOOD POINT...765 SEEM LIKE A GOOD NUMBER SINCE IT'S THE MONTH'S PIVOT POINT.
 
JESUS MURPHY...IS ANYONE MAKING MONEY TODAY....I DON'T. MY CHARTS ARE A MESS...20 AND 40 MA CRISS CROSSING LIKE SNAKES MAKING LOVE OR SOMETHING. OH WELL tomorrow SHOULD BE INTERESTING....

GOOD DAY :D
 
We may well see a drop on Wednesday followed by a rebound, but I think that's where this rally ends. Short from an average of 780 and will add the final 1/3 to the position at around 800. Looking for a drop to 740 support by end of May.
 
Holding short for now and have no appetite (yet) to add on the way down. Hopefully we get a pop into the close towards the recent highs -that's where I will be a seller.
 
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