The S&P 500 has topped at 2430 on 6/1/17

[noddyboy]

Range expansion has pushed it outside of my June bracket. 247 spy touch pushes July to ~2473 on ES

Good...I didn't expect you to be stopped out re "I will consider myself wrong if SPX trades over 2452". Good luck with 2473!

 

[propwarrior]

Range expansion has pushed it outside of my June bracket. 247 spy touch pushes July to ~2473 on ES

Translation - I have moved my stop assuming more risk, this time the top is in. Are you Surf in disguise? The goal is to make money mate not give it to others.

 

[Buy1Sell2]

Let's close this thread with the OP's words from 11 years ago, from a similar top calling thread:



https://www.elitetrader.com/et/threads/s-p-has-topped-or-volente_00-will-leave-et.78096/page-8

And from that thread:

There is a very strong possibility that Volente'call while bold may be very wrong. See attached chart of ES weekly.

https://www.elitetrader.com/et/attachments/es-weekly-10062006-png.33437/

 

[Buy1Sell2]

And from that thread:

https://www.elitetrader.com/et/attachments/es-weekly-10062006-png.33437/

And the market rallied 200 points from the Vawlcall! _Look at my chart_

 

[tommcginnis]

 

[bone]

Translation - I have moved my stop assuming more risk, this time the top is in. Are you Surf in disguise? The goal is to make money mate not give it to others.

Just so dead nuts on about all this nonsense. Time to start a third thread by the OP ? Calling for a 2600 top ? Third time's a charm so they say. At some point, the market will truly sell off.

Big order flow from long term players will enter the sell side at 2000 and press 1700, not something like 2200 or 2450. No singular person or fund turns a broad market. It will take an overwhelming collective of fresh shorts.

 

[volente_00]

After lasting 92 days before finally being wrong in my last top call. My indicators have signaled once again that the S&P 500 has topped at 2430 or is within 22 points of doing so. I will consider myself wrong if SPX trades over 2452.

SPX objectives are

2357
2252
2172

Overshot my top by 1.83 points
Technically I'm wrong
But the top is in and I'm still holding my short calls in SPY
See you hoes lower

 

[Mtrader]

 

[Jdesey]

View attachment 174739

Precisely !!! who cares when it tops out,,,, well i guess if you are a swing trader who holds for days/weeks/months.. then you really care. For an Intraday trader it does not matter. Like Mtrader is saying, we just need to be on the right side for that time period.

 

[bmwhendrix]

Overshot my top by 1.83 points
Technically I'm wrong
But the top is in and I'm still holding my short calls in SPY
See you hoes lower

Well....I am with you now. The drop in the oil market over the last couple of days has yet to show it's effects on equities, but It may be the straw. Got short this morning.