Gotta love ZERO RISK in the SP500 = $$$

S2007S said:
no worries will blow through 2050 by early next week and by end of october early november the s$p will be back at fresh 52 week highs....just keep buying...zero risk is back on!!!!

where is support now after this huge rally?
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SPX 4H.png

SPX 4H
Supports: 1978, 1958-1960, 1938, 1928.

According to the text books, measuring implication sets a minimum target of 2130 points.
This is in line with any scenario, bull or bear. For a major bear we need a major lower peak close to the all time high. Critical Resistance would be at 2043-2050 and 2130 pnts.

but then again, this is the textbook, lets see what happens!
 
classiccharts17 said:
View attachment 157880
SPX 4H
Supports: 1978, 1958-1960, 1938, 1928.

According to the text books, measuring implication sets a minimum target of 2130 points.
This is in line with any scenario, bull or bear. For a major bear we need a major lower peak close to the all time high. Critical Resistance would be at 2043-2050 and 2130 pnts.

but then again, this is the textbook, lets see what happens!
More...



That is so text book I think it actually happens.....damn the s$p can be at 2130 by end of october instead of my November prediction.....

Lets keep in mind though that if the s$p were to get back up past critical resistance at 2050 and 2075 and 2090 I would think at that point 2130 would be a major magnet where it would definitely play out no questions asked...I will keep those supports in mind but I do think once past 2050 its guaranteed historical highs come, of course its earnings season and earnings would also have to justify most of that movement, you get few bad earnings from some major companies and all bets could be totally off.
 
Like most here I've studied charts for a long time and I just can't see it going to new highs before there is at least one more push down, perhaps I will not get what I wanted initially (1700 zone), but staying short, stand to lose a lot of money if this goes to new highs first.
 
Wait the fed said no such thing as inflation yet in the last few days I have read this

Sprint raising prices on their unlimited plan by $10
Verizon now pricing people out of their grandfathered plans by raising their monthly data plan by $20 a month
Netflix raising prices by $1

and now 7 million people are going to see their premiums rise by 52 fu$king %%%%%%


http://www.usatoday.com/story/money.../medicare-part-b-premiums-rise-2016/72621746/



For seven in 10 Medicare beneficiaries 2016 will be much like 2015. They will pay $104.90 per month for their Medicare Part B premium just as they did in 2015.
 
S2007S said:
That is so text book I think it actually happens.....damn the s$p can be at 2130 by end of october instead of my November prediction.....

Lets keep in mind though that if the s$p were to get back up past critical resistance at 2050 and 2075 and 2090 I would think at that point 2130 would be a major magnet where it would definitely play out no questions asked...I will keep those supports in mind but I do think once past 2050 its guaranteed historical highs come, of course its earnings season and earnings would also have to justify most of that movement, you get few bad earnings from some major companies and all bets could be totally off.
More...

So let's get this straight. You "predicted" the SPX goes to 2130 by November but you also clearly posted that there would be a 35%++ crash imminently from these levels. This is just like your trades, you post buying triple etf longs on Oil and triple etf shorts on Oil and give us reports on whichever one goes up.

From September 30th ( only 8 days ago ) :

S2007S said:
Will take any upside we can get to get short once again, I started adding in shorts today around 1900-1915.....once the s$p breaks down below 1820 and all indexes are at August 24th lows heavy heavy selling is going to come, then maybe at that point it will time to lighten up on shorts and start buying on the long side but thats around s$p 1725-1750..

Even on rally days like today I still stick to shorting and still calling for a bear market, these are all opportunities to sell....
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From September 22nd ( only 16 days ago ) :

S2007S said:
taking profits....hahah

Illl take profits while the collapse is occurring....DOW will be off 30-40% by then, don't you worry. We have a long way to go, the bear market and crisis will be bigger and badder than 2007 hahah
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