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going to 1077 on the s&p500
- Thread starter dotslashfuture
- Start date
Quote from dgabriel:
THe S&P's downtrend line was broken in Oct 01 and Oct 02, and after this tops out, you can get to draw a new one.
1145 - thats a lot of movement.
Agreed...just looking at other cycles, and IMO it's not out of the question at this point.
Too much easy money made on SS...pendulum coming back to equilibrium.
Anyway, just a scenario, I can "see"; Just a roadmap, not a script.
Trading accordingly!
Best,
David
now that 1000 has proven to be a non-issue, things still look good.
however, I am getting nervous. I very rarely get nervous at the exact top, usually it has more to run after that.
however, I am getting nervous. I very rarely get nervous at the exact top, usually it has more to run after that.
I think we might be starting a little dip.
maybe down to around 975, but not looking for a break of the intermediate term uptrend.
maybe down to around 975, but not looking for a break of the intermediate term uptrend.
Not getting any real sell signal, just signs of toppiness.