The S&P 500 has topped on 2/25/2019 at 2813.49

[tomorton]

So you are a chaser

Chasers eventually get burned if trading a mean reversion instrument

I follow forex pair trends. Until they end. Which I guess you might mean until they mean-revert. But that's alright: no position ever created by any strategy was meant to last forever.

I don't understand the antipathy towards trends on the grounds that they eventually end. What trade from what entry signal does not eventually expire?

 

[Pekelo]

The expected double top is in place now...

 

[stevegee58]

Nice to know people are watching these price prediction threads.

 

[murray t turtle]

The danger doesn't lie in whether this particular top prediction is wrong. The real danger is the attitude that calling tops and selling into a furious uptrend or calling bottoms and buying into a furious downtrend is the route to riches.

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That's strange, but i agree with your post.What's strange?? Cash SPY did -0.2%. last day of FEB; exact average %, 2017 or 2018 Stock Traders Almanac forecasted.

 

[syswizard]

We are going much higher.....think 2875. We are going to retrace most of the Oct-18 to Dec-18 move down.
SPX blew thru the .618 fib level like nothing and is now at the .764 level....soon to be surpassed.
This is a crazy bull market.
Everyone is searching for bull killers....none are in sight.

 

[murray t turtle]

We are going much higher.....think 2875. We are going to retrace most of the Oct-19 to Dec-19 move down.

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And most likely in that order; not a prediction.

 

[syswizard]

Sorry...meant Oct-18 to Dec-18....

 

[yc47ib]

Jan and Feb. saw a relentless bull market. We are heading to 2835, then 2900, passing previous high at 2940 within the month of March or April, new high like 3000 is in sight, 3500 by end of the year is trivial feat. Trump will be elected president again in 2020. God bless America.

 

[themickey]

The expected double top is in place now...

Mmmm, ok, what tangible action will you now do to confirm your (mis)beliefs.
I'm buying Monday, into a coal company (Greenies will shoot me) plus buying into a Legal company. (Probably will get shot twice).
Will bring my total to 31 positions.

 

[destriero]

2817. Cool story, Bro!