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

[propwarrior]

The more rebuttals and/or abuse Volente gets the more I think he might be on to something...

he might be on to something after adding to his latest short loser at an all time high - you have to be shitting me. I track retail traders and would you believe retail increased their short Dow exposure from 81% to 83% in the last 72 hours lol. Retail loves to fade big multi year trends, that's fact, I know this because I have studied at. Retail is jammed short up here and they are selling more, you literally couldn't make this up. Before someone is triggered and says it's not just retail they are a subset of a larger losing group. I just thank my lucky stars that so many people are so dumb as it doesn't half make this game easier.

 

[propwarrior]

I was posting actual 5 figure pnl pictures, not screenshots from my dom back in 2006.
What is my incentive to post them again ?
If you don't think I even trade it makes no difference to me.

So you challenged me to post my fills a few pages ago presumably because you didn't believe me. I then posted the fills, I get silence. Now when I question your fills because I can't actually believe someone would add to a losing short 3 times at a new ATH you refuse to post your fills.

I am calling that double standards.

 

[theapprentice]

I remember reading the ES journal and everyone was super bearish when we rallied up to 1000 ES. Nothing's really changed since in terms of sentiment.
We'll be at 3000 ES fairly soon and it'll still be the same song being sung, lol

Sure, we might get a 60 point pullback at some point and everyone gets excited, but then we'll just make new highs again.

 

[baggerlord]

I don't get why anyone would fade the ES, when you could at least look for a weak sector or something. There is a whole lot of talk about nothing here without any position management. I could make a long or short call just about anywhere and claim some sort of profit.

 

[Buy1Sell2]

nothing to show for it? I could post my fills in the last 2 weeks and confirm a healthy profit but I am not going to feed the trolls. I showed 2 fills because I was challenged to on both occasions but of course they were dismissed.

Proper evidence not presented to back up calls/fills. They are not considered.

 

[nonlinear5]

Proper evidence not presented to back up calls/fills. They are not considered.

Yes. OP, please mark your entries and exits with the proper labels, such as "Exhibit A", and submit the brokerage statements for each execution, along with the order tracking numbers, and account numbers. And use Latin for proper speak.

 

[Buy1Sell2]

Yes. OP, please mark your entries and exits with the proper labels, such as "Exhibit A", and submit the brokerage statements for each execution, along with the order tracking numbers, and account numbers. And use Latin for proper speak.

brokerage statements not required. real time live calls are. --in order for veracity--

 

[volente_00]

I don't get why anyone would fade the ES, when you could at least look for a weak sector or something. There is a whole lot of talk about nothing here without any position management. I could make a long or short call just about anywhere and claim some sort of profit.

Because it is a mean reversion index that is favorable to fading at extreme lows and highs

 

[volente_00]

What specifically is the rationale for a top or a sell-off here?

Let's consider the facts from recent time:

1) The last major leg up on the daily went 100 points before a 'shallow' 50 point pullback.

2) From late 2016 to end of 1st quarter 2017, the market went 320 points up with only a shallow 44 (!) point pullback.

3) We're now up 70 points from the last pullback.

What this tells us is that there's simply no rationale for selling this market based on the concept of being 'overbought', 'overextended' or being 'ripe for a sell-off'.

I don't attempt to trade long-term, so it's not my area of expertise, but I simply don't get why people are trying to position themselves short in this area. To me, the market is displaying strength and based on what's happened in the past, evidence suggests that this market may go a lot higher still.

EDIT: Let's raise the stakes. 2500 seems like a minimum for this leg up.

1. Listen to what the bond market and economic data are saying

2. Rates are rising, show me one time in history that the stock market has survived long term and held up when the fed is raising

3. A republican president always coincides with a recession during their term

4. Ellliot wave is signaling a minimum 10% correction from the 2475-2525 spx level

5. The bull market is reaching it last stage as it is now 8 years and 4 months old. Look the time frame for when previous bull markets have ended and we are close

 

[Muffhands]

Looks who's back

Short again

Either you are paper trading or you have no more money left lol. Didnt you say you were short 40 points ago and would "admit you were wrong at 2452? I rarely ever short. There is so much opportunity in the markets, if you dont like something simply pass it up. Also, Daily chart looking pretty bullish to me. If this run is anything like the last few you are in for another ride. G/L.