s&p just made intermediate term top @ 1440.1
- Thread starter thorn
- Start date
Quote from thorn:
If ??? as if there's any question to which side i took
With your track record there would be about a 100% chance you took the wrong one !
They are coming for your 1450 calls thornybird !
Nice call bro, the top is in!
As mentioned in yesterday's comment, the sharp rally has signalled the bottom of the "double-three" correctional pattern that has been in place since late November . . . Yes, we have been in a correctional phase since late November!
The confirmation of the low will be a close above the 1447.95 level today. Should this occur, it would suggest that the market will enter 5 to 8 day rally. The target for this 5 to 8 day patter is the 1461.20/1464.35 levels. The intermediate pattern suggests the market should reach a minimum of 1478/1491 in the next 4 to 6 weeks.
The confirmation of the low will be a close above the 1447.95 level today. Should this occur, it would suggest that the market will enter 5 to 8 day rally. The target for this 5 to 8 day patter is the 1461.20/1464.35 levels. The intermediate pattern suggests the market should reach a minimum of 1478/1491 in the next 4 to 6 weeks.
thornybird please update us on the feb 1450 calls you sold when the S&P was trading at 1430.