Is uptrend for SP500 over

[Rickshaw Man]

Nope, looks intact. The problem with just about everything is the FOMC. They keep propping everything up. Thus creating a high wire act. Look at that steep 70-degree upward slope.

 

[KCalhoun]

Market's toast

Feed the bears lol

 

[SunTrader]

 

[RedDuke]

FOMC has our back. ATH will follow soon.

 

[Laissez Faire]

By the time the crowd in this thread gets a confirmation on a trend reversal the market will probably reverse higher.

 

[KCalhoun]

Which is why daytrading is great

 

[zghorner]

when in doubt, zoom out.

 

[murray t turtle]

Well, no one has a crystal ball -- and when you Think you have a crystal ball...that's when you start to lose money, rather quickly.

It's way too early to say the peak has been hit.
You have a ton of lifting support...there are plenty of trading/investing/savings apps, and commercials and advertisements for them, and a ton of people across social media touting, teaching, trading and investing.

The market, right now, has nothing to do with traditional, basic, moving averages and charts. It kind of rarely does.
You have to understand the art and science of trading, and psychology and emotions and people and wisdom and philosophy.
I know what I'm talking about...because I'm an Elite trader. Are you,

%%
Buy Monday may work; if in InVerse ETFs, sell\exit some. If buy Monday hasnt worked by Tues close\ try next Monday/LOL. Not a prediction not FDIC issured . Typical SEPT sell......................................................................................................

 

[E-MiniToGo]

It's funny, I'll watch old (2013, etc.) Tom Sosnoff (Think or Swim Guy) videos on YouTube where he's proclaiming the market can't possibly support such high levels... As always trade what you see, not what you think, and when you can trade both sides.

 

[Galatia]

It's funny, I'll watch old (2013, etc.) Tom Sosnoff (Think or Swim Guy) videos on YouTube where he's proclaiming the market can't possibly support such high levels... As always trade what you see, not what you think, and when you can trade both sides.

Ok then this's what i see. A broken uptrend and recently establishing (not established) down trend. I expect the corections to be in the red trend, my trade strategy is short whenever tocuhes to the upper bound, reverse below middle line. If it goes up and breaks it, stop the position

https://www.tradingview.com/x/VwyEwrBi/