S&P has had it ! Intermediate term top right here !

Did the S&P make an intermediate top @ 1555.9 ?

  • Yes I agree

    Votes: 49 40.8%
  • No, I don't agree

    Votes: 41 34.2%
  • I don't know / I don't care

    Votes: 30 25.0%

  • Total voters
    120
I agree. With that said I'll be covering some puts around 1430 SPX because I think we'll bounce 60pts from there. However the next leg down will take SPX to 1310 sometime in Q4.

Quote from ghostzapper:

in case you haven't taken ghostzapper seriously,
now is the time..

The S&P won't see 1555.9 for years.
The 4 year bull market that has doubled the S&P from its lows is now over.
Take it to the bank amigo.
 
Quote from Pa(b)st Prime:

I agree. With that said I'll be covering some puts around 1430 SPX because I think we'll bounce 60pts from there. However the next leg down will take SPX to 1310 sometime in Q4.

Well said.
 
And what if you're wrong? Gonna buy everyone drinks?

Picking tops and bottoms is a loser's game.

Quote from ghostzapper:

in case you haven't taken ghostzapper seriously,
now is the time..

The S&P won't see 1555.9 for years.
The 4 year bull market that has doubled the S&P from its lows is now over.
Take it to the bank amigo.
 
Quote from MKTrader:

And what if you're wrong? Gonna buy everyone drinks?

Picking tops and bottoms is a loser's game.
I don't know about that.

Picking this last top w pinpoint precision has been worth about +7% in a week,
putting my return at about +17% YTD.
If that's a losers game, i'll play !
 
Back
Top