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

[propwarrior]

When in doubt
Get the f$ck out

Or short the top

I agree but there is no doubt. There is no reason to be short, matter of time before new all time highs.

 

[volente_00]

Shorted July spy calls at 3 strikes

245 2.05
246 1.5
247 1.05

Closed 50% of all calls for 80-88% gain at


245
.39

246
.21

247
.11

 

[volente_00]

dip buyers should step in here and rip this fucker up. are you still holding short voulevant.

Half the short calls
And 2/3 rd ES swing

 

[volente_00]

Interesting correlation

http://www.marketwatch.com/story/if...-stocks-and-load-up-on-commodities-2017-07-06

 

[noddyboy]

Half the short calls
And 2/3 rd ES swing

Time to take your profits and reverse to long.

 

[propwarrior]

will be very interesting to see how this week plays out, dip buyers are getting paid and are hungry for stops.

 

[propwarrior]

........................and Ladies & Gents that's what happens when you try and pick tops in a multi-year, multi-month, multi-week bull market.

 

[noddyboy]

........................and Ladies & Gents that's what happens when you try and pick tops in a multi-year, multi-month, multi-week bull market.

Yes but did you go long like I did?

 

[propwarrior]

Yes but did you go long like I did?

Yes I got long equities by taking a position in the Dow as I figured it would outperform the S&P which it has. I got long the Sept future 21270 planning to hold until weekend minimum.

edit ps - i bought with an initial 50 point stop, currently +230 point up cheers

 

[Joe_D]

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

I shall send you a ruler by UPS. Use it, pls. Then look slightly above current prices - notice the 161.8% level? Then look below at his brother at 61.8%. Do you really believe after going so far that the latter would not honor the former?

The LONG continues. At 2481 be ready to take some profits or tighten your stop.

current stop = 2230