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

[volente_00]

Shorted ES

2452.5

Stop is 2456

Object is 2447.25

Will close by eod

Stopped

Catch y'all next week at the next market top

 

[nonlinear5]

Stopped

Catch y'all next week at the next market top

Sure. When you come back, you may want to start a new "top" thread. Clearly, this thread (and its premise) has ran its course, as S&P 500 made a new all time high at 2460 (so far).

 

[propwarrior]

Stopped

Catch y'all next week at the next market top

The expansion up will continue for sometime. I have been tracking and retail shorts have now intensified to 86%

 

[volente_00]

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.

Sure you did

Where is your posted trade with stops and entries ?

Completely crushed ?

If I had held my 2400 original short from march 1 and not covered at the target that it hit in march I would have lost a whopping 2.2% today if still holding the position

8 points lost on my last swing trade oh I'm bankrupt now
And that's even ignoring the profit I took on 1/3 of the last swing

What shall I do

Help me please

 

[volente_00]

Sure. When you come back, you may want to start a new "top" thread. Clearly, this thread (and its premise) has ran its course, as S&P 500 made a new all time high at 2460 (so far).

Yes I will start another thread because I got blown away on the spx exceeding my top by .00326%

 

[volente_00]

The expansion up will continue for sometime. I have been tracking and retail shorts have now intensified to 86%

Retail shorts are peanuts compared to institutional money

 

[beerntrading]

Stopped

Catch y'all next week at the next market top

If we see new highs next week during earnings season, that signals smooth sailing through the end of summer...I'd be bullish to above 2500.

(I'd very much like this because then profitable diagonals are back in play!)

 

[volente_00]

Shorted ES 2457.5
Stop 2460.5
Objective is 2425.5 next week

 

[volente_00]

If we see new highs next week during earnings season, that signals smooth sailing through the end of summer...I'd be bullish to above 2500.

(I'd very much like this because then profitable diagonals are back in play!)

If it wants to keep grinding, I'll keep collecting selling call premium
2500 still in play on my long term upper range

 

[volente_00]

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

Great call