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
Quote from toc:

1175 is next stop? Any opinions..........
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I got one! I think 1160 will be felt. But since the 4th of July weekend is coming around, I believe patience needs to be exercised. In other words, I don't believe we're crashing in the next week.
 
Quote from rubberbird:

OK, the big game...i'm excited about it. I'd love to say the Spurs will win, but they're favored...I only like to make calls where i'm a big underdog. But I do think the Spurs will prevail...
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Another winner for the bird!
 
brilliant call..

Quote from rubberbird:

The S&P is about out of gas. Maximum number is around 1225, if it can make that. Since I get many PM's to post this type of info, I will appease the masses, so here we go...it is a toppin'
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Quote from TorontoTrader2:

Nice call: "The S&P is about out of gas. Maximum number is around 1225, "

1225 on the ES was perfect resistance level! It touched it then tanked.
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Thanks amigo. Have a great weekend!
 
yes good call, I was actually thinking it was sort of time to bail on my 'long' (my S&P index retirement fund) and I pushed the button about noon on Thursday. Unfortunately for me I got the closing Friday price due to fund rules- DAMMIT! Makes it really tough to do market timing. I'm now thinking I'll wait for another sell-off to buy again and it 'feels' like there should be one in the next 6 months as oil seems to want to hold and the market looked weak above 1200.

Any more comments about the longer term other than the 1160 area?
 
Nice call!!!


Triple top.

Kinda looks ominous huh!?!

Alot of models are predicting a slide into October after one more stab at a breakout in July. We shall see.
 
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