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

The S&P 500 has topped at 2430 or is within 22 points of topping

  • Yes your are correct

    Votes: 14 41.2%

  • Hell no you just got lucky last time and are still smoking crack

    Votes: 20 58.8%
  • Total voters
    34
volente_00 said:
What's interesting is for such a bull market like you guys are claiming it Is only up 1.7% in 4.5 months over my first top call at 2400 which is why this is a call sellers dream right now. Sure it may grind higher but the performance is just not there because the bull is tired. And don't say I didn't warn you when we correct 10-14%.
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Monsignor volente, live, volente, live, live for the dying ones before you - Death is an occupational hazard but highly overrated :)


(1)
S&P Slope in degrees for segments of rally on weekly from 2009 low
62, 40, 26, 20, 28
The steeper slope of last climb should have alerted you to the magnificence and munificence of this Master Bull.

(2)
>>>>> it Is only up 1.7% in 4.5 months <<<<<<
Consolidation = gathering reserves of power as it gets ready to tackle overhead resistance. Normal in a bull and bear markets

(3)
Go to weekly S&P:
Put a horizontal line under 3/32017. Now notice how nicely this support is working. This is normal TREND MECHANICS behavior.

Like I said, no indication of weakness has been given thus far, therefore stay LONG

Cheers

 
sorry, (3) should read

3)
Go to weekly S&P:
Put a horizontal line over 3/3/2017 bar. Now notice how nicely this support is working. This is normal TREND MECHANICS behavior.

My apologies for the error
 
Overnight said:
Oh, you were trying to make a funny joke. You failed at it on my end. It was not funny to me.

Here's a big joke. Take your ES and target it for 30 points down from its current count in the next 3 business days. Haha hehe hoho take me away haha hehe hoho!
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30 points? are you playing with the milk money?

30 points down would not even TEST this trend. :D:D:D

To really TEST this trend for reversal the drop would have to be 80 points
 
Joe_D said:
30 points? are you playing with the milk money?

30 points down would not even TEST this trend. :D:D:D

To really TEST this trend for reversal the drop would have to be 80 points
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Stranger things have happened! Like Trump! Woohoo!!!!
 
I keep expecting the message that the stop is moved and more calls are sold, but the refresh is not working. BTW, I think that would work out.
 
beerntrading said:
Damn...I just talked myself into a SPX put debit spread!
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Oops, that was actually a credit spread...in line with my bullish stance.

And I just closed the top (short) half of that.

I don't like the chart pattern on a lot of heavy hitters in the S&P. Building signals are pointing to a selloff this afternoon.

@volente_00 might end up looking quite clever for the short term here. Even if off by a point.
 
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