The S&P 500 topped at 3017.8

[volente_00]

The "problem" with most of these top (or bottom) calls is that very few ever admit
the move is over. Vole, S2, even B1(who views fresh all time highs as a bear, LOL) have had some good and timely "calls". Im (almost)sure everyone that actually does trade can say the same thing. I know I have, as recent as last friday, but I don't publicize. These "callers" on the other hand don't admit when a trade is over. The operative words are "a trade". It's one trade people!!

These "callers" are more interested in being able to say they nailed THE top or THE bottom. In real life all they have done is nail "a" top or "a" bottom. But they don't see the difference. It's one trade people!! In fact, if one actually trades, depending on trade style, methods, and tools, one can recognize trade-able tops and bottoms all the time! And what is wrong with reversing if deemed appropriate? Or taking profits and reentering? Afraid of a few additional bux commission for the trade of a lifetime would be beyond stupid. Or missing the precise high or low only capturing say 70%, or even 40% of a move? Do these scenarios mean you suck?

Since the markets are operating at all time historic highs or very close to it, EVERY price peak is viewed as THE high. This strategy has failed miserably for over a decade... But it has created A FEW well-timed out-sized trades. That's it. These callers are rock stars in their own mind. It's one trade win, lose, or draw. Congratulations.

I disagree


Everyone of my top or bottom calls has a price where I consider the premise voided and this one is no different

I think the S&P 500 has topped at 3017.8. I believe we will correct down to 2650. I am once again giving 1% deviation on the trade and will consider it wrong if SPX closes above 3048 before touching 2650.

 

[volente_00]

ISM







Those Who Forget History Are Condemned to Repeat It

 

[noddyboy]

The trade war will add vol. Will there be a trade deal? Or tanks in Hong Kong? I can see it going both ways.

 

[tommcginnis]

ISM



Those Who Forget History Are Condemned to Repeat It

Hardly a drop in the bucket, really, and yet quite scary, to think that the market would move based on an actual "fundamentals" bit of economic content for a change. ("Imagine that!")
Certainly adds to a "top!" thesis, though. Could it lead to a *truly* inverted yield curve? Not by itself, but....

 

[volente_00]

2940 and then 2890/2900 short term objectives


Longer term still 2650 touch

Objective 1 reached

 

[tommcginnis]

Objective 1 reached

Yeah. For the sixth time, give-or-take.


["That's not earning him any cred, is it." Noooo. No, it's not. ]

 

[noddyboy]

https://www.zerohedge.com/markets/s...the+survival+rate+for+everyone+drops+to+zero)

2903 is where CTA goes from max long to max short.

 

[volente_00]

2940 and then 2890/2900 short term objectives


Longer term still 2650 touch

Another beautiful day in the neighborhood

 

[volente_00]

https://www.zerohedge.com/markets/stocks-slump-nomura-exposes-what-levels-will-trigger-ctas?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+zerohedge/feed+(zero+hedge+-+on+a+long+enough+timeline,+the+survival+rate+for+everyone+drops+to+zero)

2903 is where CTA goes from max long to max short.

What bones gonna go long and short ES at the same time at my 2900 touch ?

 

[orbit23]

You probably lost a lot of money shorting the market. But you can now atleast brag about your target getting hit. Congratulations!