S&P 500 looking very toppy

Is the S&P 500 about out of gas?

  • Yes, rubberbird is usually correct

    Votes: 67 33.3%

  • No, there's more upside ahead

    Votes: 46 22.9%

  • I don't know/ I don't care/ the bird is an idiot

    Votes: 88 43.8%
  • Total voters
    201
I tend to agree that the market looks a little toppy, but...a few things that change my mind real quick are; the S&P is only about 15 points off it's high, if it takes out 1230 it's going higher. Another thing is that it did seem to rally strong from mid May to present and blew threw the 1190 area, (which I thought would at least have some resistance) like nothing. Also rsi has been positive for awhile. It almost feels the market is just catching it's breath and wants to go higher here...just my $.02
 
Quote from zman7854:

I tend to agree that the market looks a little toppy, but...a few things that change my mind real quick are; the S&P is only about 15 points off it's high, if it takes out 1230 it's going higher. Another thing is that it did seem to rally strong from mid May to present and blew threw the 1190 area, (which I thought would at least have some resistance) like nothing. Also rsi has been positive for awhile. It almost feels the market is just catching it's breath and wants to go higher here...just my $.02
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The ONLY person that can give the right advice is Avid_Consumer. He's the expert in all domains of trading. Perhaps ask him what will happen. So that we all can make big money without any risk at all.

And afterwards i will try to twist his words and proof he knows nothing at all. The "Avid_Consumer" tactic.
 
Quote from spike500:

The ONLY person that can give the right advice is Avid_Consumer. He's the expert in all domains of trading. Perhaps ask him what will happen. So that we all can make big money without any risk at all.

And afterwards i will try to twist his words and proof he knows nothing at all. The "Avid_Consumer" tactic.
More...
Obsess much?
 
It looks like any meaningful top would occur by next week, when the Fed announces, or after the 4th of July holiday and before earnings season. Either way, 1225 or thereabouts is an intermediate term top.
 
Quote from rubberbird:

It looks like any meaningful top would occur by next week, when the Fed announces, or after the 4th of July holiday and before earnings season. Either way, 1225 or thereabouts is an intermediate term top.
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but that's not what the results of the poll indicate...?:confused:
 
Quote from zman7854:

I tend to agree that the market looks a little toppy, but...a few things that change my mind real quick are; the S&P is only about 15 points off it's high, if it takes out 1230 it's going higher. Another thing is that it did seem to rally strong from mid May to present and blew threw the 1190 area, (which I thought would at least have some resistance) like nothing. Also rsi has been positive for awhile. It almost feels the market is just catching it's breath and wants to go higher here...just my $.02
More...

I don't think it will take out 1230..
 
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