S&P 500 very close to intermediate term top

[acepowerdrive]

big mistake by pros,,,,,this market is rigged....and you don't short til support is broken and trend is down down down...

short intraday but for swing trading the uptrend is hitting resistance but downtrend isn't have any signal yet...support needs to be broken with massive selling orders unloading for days.

it was consolidating for next push up.

today or this week was the last push up...elliot wave this is second resistance


technically this market should have sold off this week on profit taking already but it's rigged and somebody just buying at the top of the trends and holds up the bid every day at end of day i presume it's the market maker with lots of cash. and it isn't even short covering. somebody just buys it like why buy it here.

Quote from ghostzapper:

The S&P closed today @ 1503.2 and the technical indicators arte now signaling an intermediate term topping pattern right here.

Does anyone see the same thing ?

 

[stock_trad3r]

With interest rates at zero good luck shorting. Even when the fed does raise rates it will be priced in.

The charts aren't showing any distribution- a hallmark bearish sign.

So keep buying

 

[number22]

Quote from stock_trad3r:

With interest rates at zero good luck shorting. Even when the fed does raise rates it will be priced in.

The charts aren't showing any distribution- a hallmark bearish sign.

So keep buying

Wow, I can't believe it, we are gonna heading lower from here.

Just messing with you. lol

 

[Bigpipn]

Quote from acepowerdrive:

big mistake by pros,,,,,this market is rigged....and you don't short til support is broken and trend is down down down...

short intraday but for swing trading the uptrend is hitting resistance but downtrend isn't have any signal yet...support needs to be broken with massive selling orders unloading for days.

it was consolidating for next push up.

today or this week was the last push up...elliot wave this is second resistance


technically this market should have sold off this week on profit taking already but it's rigged and somebody just buying at the top of the trends and holds up the bid every day at end of day i presume it's the market maker with lots of cash. and it isn't even short covering. somebody just buys it like why buy it here.

Bro JPM's required bonds (as a hedge to their int rate swaps)is > than the total domestic market. (Read: JPM is basically a hand of god--the fed) It doesn't take all that much capital to move the markets, the funds/futures contracts are just recycled. This is all orderly. They have crushed volatility.

I agree with Prechter that the next leg down will be the longest and most damaging. There is a massive short position against the 10yr note and likewise in precious metals and if the massive [unlimited] position is ever liquidated there will be serious blood. We are nowhere near historically cheap valuation levels.

Libor-Ois spread is back to early 2008 levels, so, the credit markets are seemingly heeled thanks to gov't backstops. This engineered collapse is only in the 3-4 inning. The gov't rewrote the rules and are shoving socialism down our throats whether we like it or not. You really have to read between the lines and just trade in day-tight compartments.

 

[EMRGLOBAL]

http://www.telegraph.co.uk/finance/...sues-fresh-alert-on-global-stock-markets.html

 

[B. Rowshan]

Quote from stock_trad3r:

market will keep going higher.

Interest rates no longer a big issue.

Quote from stock_trad3r:

the sp00z will only go higher

too much up room

Quote from stock_trad3r:

With interest rates at zero good luck shorting. Even when the fed does raise rates it will be priced in.

So keep buying

Anyone notice the similarities in these posts?

Only problem, the first 2 quotes are from page #2 and page #3 of this thread when the S&P was over 1500.

 

[flipper me]

Quote from acepowerdrive:

technically this market should have sold off this week on profit taking already but it's rigged and somebody just buying at the top of the trends and holds up the bid every day at end of day i presume it's the market maker with lots of cash. and it isn't even short covering. somebody just buys it like why buy it here.

maybe but after a 50% retracement of the move, it is now in positioin to resume the trend.