s&p just made intermediate term top @ 1326.7

Did the s&p top out @ 1326.7 ?

  • Yes, I agree

    Votes: 63 58.9%

  • No, it will go higher soon

    Votes: 30 28.0%

  • not sure

    Votes: 14 13.1%
  • Total voters
    107
Quote from thorn:

Yes. That's one of the main reasons I think it will be hit this week. Hey, we've seen too many upside biases into an expiration week. It's time to average it out. Too many upside shenanigans on the options expiration price recently.

Next week preceeds a long, patriotic holiday weekend. There is rarely a market bashing in the days leading up to a long weekend.
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Posted on sunday May 14th on this thread. Don't think I could have been more on the money here.
 
Quote from frank grimes:

what happened to strktdr? kk you have a sense of humor, but volente and streaky act like my kids when I drop em off at day care. At least my kids have an excuse.. Streaky's "desk" must have been repoed by rent a center!
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I can only imagine who will crawl from under their rock towards the end of the week, when there is a small rally into the long weekend.
 
Quote from thorn:

Intermediate = as in many months.

the s&p has been unable to bust thru 1326.7 in recent days, and now has sold off abit. I say that 1326.7 marks massive resistance now.
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Greatest call in the history of ET. Amazing the gratitude from the members here of this historic thread.
 
Im having a crazy month!! Then again I only look for shorts. I got enough this month to open 2nd futures account and take a nice vacation. I think its time to have a 20 oz steak "extra well done, burnt"
 
Quote from sosa1974:

Im having a crazy month!! Then again I only look for shorts. I got enough this month to open 2nd futures account and take a nice vacation. I think its time to have a 20 oz steak "extra well done, burnt"
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Excellent! I'm so chock full of dough from this market that I've been handing it out by the loaf the last few days on wine, women and song.
 
Quote from thorn:

Excellent! I'm so chock full of dough from this market that I've been handing it out by the loaf the last few days on wine, women and song.
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Add a 20 0z steak to your list and ask them to cook it all the way thru until is charcoaled Black.

btw, I actually would like to see a bit of a bounce as it would serve as a nice reentry point. We had a nice bounce up in the premarket 1274 and I didnt hit it. Nice call and good trading Thorn.
 
Quote from sosa1974:

Add a 20 0z steak to your list and ask them to cook it all the way thru until is charcoaled Black.

btw, I actually would like to see a bit of a bounce as it would serve as a nice reentry point. We had a nice bounce up in the premarket 1274 and I didnt hit it. Nice call and good trading Thorn.
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Thanks much. It's amazing, with over 50,000 members (wink, wink), you would think more people would appreciate such a great, pinpoint call. Right after I started this thread, the s&p tanked 50+ points! I cannot do better.

Anyway, this is what I said last week about the rest of this week:

"Next week preceeds a long, patriotic holiday weekend. There is rarely a market bashing in the days leading up to a long weekend."

Good luck to all!
 
Is there anyone of the 50,000 members of ET that would offer a dissenting opinion about my intermediate term top call?

intermediate = many, many months
 
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