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

[Joe_D]

"This gigantic bronze sculpture was installed at an art museum in Fujian Province’s Xiamen City on 2015, August 24. The statue stands 3.4 meters (11.15 feet) high, 6.1 meters (20 feet) long, and 2.9 meters (9.5 feet) wide. It tips the scales at a mighty three metric tons (6,600 pounds) and depicts a very muscular bull dominating a much smaller bear. The sculptor said he created this piece hoping that frustrated stock investors could relax and sleep well after seeing it."

This kind of stuff including magazine covers of the bull are strong indications the Top is near but near could be a day or 6 months away. LONG continues

 

[volente_00]

For those that have voted

What is your range prediction for SPX for the rest of 2017 ?

As of right now I have 2170-2500

Now sitting at 2250-2500

 

[propwarrior]

May have to get to aug/sept before we get a major move down due to low summer algo games

Can't win if you don't bet

Translation- I was wrong I don't know why and I want to short more new all time highs against a multi year, multi month, multi week trend.

 

[Joe_D]

VIX to 7?

VIX 7 would not surprise me

Vix is now at the lowest closing low in history

Triple bottom on Vix monthly

The coming tsunami will be 1 km wave lambda

This tsunami + Trump = we've never been this close to WW3

Enjoy our days left before the whole shit house goes up in flames

 

[beerntrading]

In what world is calling a 40 day range to and missing by 0.075% wrong???

It gives clear entry and exit points, and the losers would be handily covered by the winners...with lots of long red bars to reward the day trader or the swing trader

 

[volente_00]

Translation- I was wrong I don't know why and I want to short more new all time highs against a multi year, multi month, multi week trend.

Newsflash

All tops start from all time highs




We are a huge 2.2% higher than my march 1 top at 2400. 4.5 months of grinding for 2.2%?
When on sell off days the market drops close to 2 % such as 2 weeks ago?

So 4.5 months of grind gone in 1 day.

This is why I will always prefer short to Long even in a bull market.
Fear is always stronger than greed
Take it to the bank everytime

 

[volente_00]

VIX 7 would not surprise me

Vix is now at the lowest closing low in history

Triple bottom on Vix monthly

The coming tsunami will be 1 km wave lambda

This tsunami + Trump = we've never been this close to WW3

Enjoy our days left before the whole shit house goes up in flames

Sounds like it's time to buy volatility

 

[noddyboy]

Newsflash

All tops start from all time highs




We are a huge 2.2% higher than my march 1 top at 2400. 4.5 months of grinding for 2.2%?
When on sell off days the market drops close to 2 % such as 2 weeks ago?

So 4.5 months of grind gone in 1 day.

This is why I will always prefer short to Long even in a bull market.
Fear is always stronger than greed
Take it to the bank everytime

The low VIX slow grind started from 1996? Yes a crash is inevitable...but it could be a 4 year rise and then drop to where you started in 1996.

 

[volente_00]

Blood in the streets in 2008 crash hit its peak in Nov. 2008. You would have gone broke going LONG that early.

Current scene is a TOP so we are dealing with frothy exuberance of the HERD, extrapolating the Dow to infinity with shit like, "this will go on forever" - but we know better. To save your powder, sit on your hands, be patient, wait for at least a trendline break. WTF is the hurry?

Speaking of 2008, back then there was a poster and all he did was go long and average down and over and over again and made money every single time until he didn't once the shit hit the fan. Now perhaps he held through the 55% drop and is now holding 1500 basis at 2450 spx but since he never posted the final outcome I'm gonna assume he blew up because he confused brains for a bull market.

 

[propwarrior]

Newsflash

All tops start from all time highs




We are a huge 2.2% higher than my march 1 top at 2400. 4.5 months of grinding for 2.2%?
When on sell off days the market drops close to 2 % such as 2 weeks ago?

So 4.5 months of grind gone in 1 day.

This is why I will always prefer short to Long even in a bull market.
Fear is always stronger than greed
Take it to the bank everytime

This is why I love trading. I guy gets completely crushed fading a strong trend and then try's to defend it. In the meantime I bought the low of the week and month in the Sept future and it's hold hold hold long lol.