S&P 500 very close to intermediate term top

[makloda]

Quote from ammo:
when this many traders are bullish at a major resistance line it has to pull back on monday even if its a one day selloff like may 10

You could test your theory by going short 1000 ES contracts on the open Monday morning!!!!

 

[Gaucho MM1]

Quote from ghostzapper:

ok CNBC says the old high is 1527. It's been 7 years so I didn't remember the exact number !

was the close and depending on which feed you employ the intra top was anywhere from 1553.11 to 1552.87, on the 24th mar 00, so, if youre a tech-head then you have to ask about the validity of the empiric high versus the orthodox closing high..........haha

and judging by the mass of numbnuts that say an intermediate top is due...........well, it's probably not

 

[ammo]

makloda ,shorted on friday now i'm practicing saying it makes it true

 

[makloda]

Quote from ammo:
makloda ,shorted on friday now i'm practicing saying it makes it true

Hoping for a gap down for you bro. Good luck

 

[traderyin]

Quote from ammo:

when this many traders are bullish at a major resistance line it has to pull back on monday even if its a one day selloff like may 10

ammo, judging from the polls. it doesn't look like these "traders" are bullish enough.

 

[patoo]

Quote from volente_00:

Man, GZ is almost at good at calling tops as thornybird. Wonder if they are related ?

Where is the ole Thornbird when you need him? This nothing but up is getting boring

 

[EqtTrdr]

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 ?

congrats to Volente00 once again for the fade Rubberbird system$$$$


I love 100% up room to go $$

 

[makloda]

Are we close to topping out yet?

 

[ghostzapper]

My prediction of an intermediate term top formation BEGINS @ 1527 close. That's what i've been saying in every post I make on this thread.

So I started this thread early. That's why the title says " S&P 500 very close..." And if I started this thread late you'd hear even dumber responses.

Quote from ghostzapper:

ok CNBC says the old high is 1527. It's been 7 years so I didn't remember the exact number !

When the S&P hits 1527, the end is near. Oviously the first sign of trouble will be increased volatility so the upper end may get stretched abit.

And you can also say that at that point the risk/reward will strongly favor lower prices over the next 6 months. Take it to the bank.

Quote from ghostzapper:

This will not happen. It's going to stall and ultimately fail around the 2000 highs. No free money.

 

[nonlinear5]

Quote from ghostzapper:

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

You are about 225 S&P points too early with your "top" call. This is the level where the 10 yr bond yield and the S&P earnings yield will reach parity.