The S&P 500 topped at 3017.8

Did the S&P 500 top at 3017.8 ?

  • Yes I think you are correct

    Votes: 4 18.2%

  • Hell no you are wrong

    Votes: 9 40.9%

  • Who cares Desterio is good people

    Votes: 3 13.6%

  • Who cares Barron is still ripped and shooting for 10% body fat now

    Votes: 2 9.1%

  • Who cares Volente sucks at calling short term SPX tops

    Votes: 4 18.2%
  • Total voters
    22
  • Poll closed .
noddyboy said:
When will we get the headline DEAL or NO DEAL?
More...

Seems that info is kinda' irrelevant, since the market is pricing in no progress at all. Seems Oct 30th is the more important date at this juncture in time (FOMC decision).

As for the trade dates? I kept reading about Oct 15th as the date from what I remember. Then I saw a blurb about next week? *shrugs*
 
And here we are at round 2,984, remember just a few weeks ago everyone was cheering the fact the trade talks were going to resume in October and that they were ever so close to striking a deal. Even trump delayed imposing tariffs on some goods well fast forward and here is this morning's headline:


POLITICS
China is reportedly reluctant to agree to a broad US trade deal with talks set to restart
PUBLISHED SUN, OCT 6 20195:00 PM EDT

Emma Newburger@EMMA_NEWBURGER

https://www.cnbc.com/2019/10/06/chi...-us-trade-deal-with-talks-set-to-restart.html
 
Overnight said:
Seems that info is kinda' irrelevant, since the market is pricing in no progress at all. Seems Oct 30th is the more important date at this juncture in time (FOMC decision).

As for the trade dates? I kept reading about Oct 15th as the date from what I remember. Then I saw a blurb about next week? *shrugs*
More...



I was reading that its this week, but this back and fourth nonsense has got to stop. Enough is enough. It's been hundreds and hundreds of days and dozens of weeks and still nothing.. How about this being the final talks and if Nothing is agreed upon tariffs go into effect. Simple as that Enough of the bickering and the fu$king games. Let's just steamroll the movement of tariffs and be done with it . Let china do what they want and let the US do what they want. Simple as that. Who cares what the wallstreet impact will Be. Let wallstreet figure that out for themselves .
 
volente_00 said:
Give me your bull argument


The lower trendline from August ?


My bearish stance is all of previous September support is above at 2945-2960 which I think hampers any upmove especially with an open gap below


Also the reaction from 2855 is setting up an SPX neckline with right shoulder being formed here


Puts SPX in a 2960 ish to 2640 trading range for me unless see the chart change from here to void my analysis


Downside objectives are

2911
2856
2725

And 2650
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Nothing has changed for me technically since Friday


Notice where we have been in the parameters since then.

2959.5 on the upper
And 2910 touch from Thursday's gap
 
noddyboy said:
When will we get the headline DEAL or NO DEAL?
More...


Like I mentioned I'm leaning on a NO deal. Market will fall around 5% in a week...what will happen next is more talks of immediate rate cuts for November and December of at least another 50 basis points by year end...if markets really start to sell off like they did last December falling over 10% and 15%, which there is a good chance of happening, I believe trump will lift tariffs on China, however the tariffs he delayed until October 15th are still pending. If he delays those another few weeks or until the new year the market will once again move higher. So it's really a hard situation to figure out .one simple tweet about delaying October 15th tariff hike can send markets up 2% in a day..but enough is enough . This back and forth nonsense has got too end. Let this week be the final say. If no trade talks are situated and no deal is made apply the tariffs and move on. Enough of this bickering fu$king nonsense...
 
Overnight said:
Haha, you feeling the BERN yet? Seems so.
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The Bern from these fools going back and forth like a bunch of rookies. Implement the fu$king tariffs and move on. Let wallstreet and the economy deal with what ever happens...so if we go into a recession so be it ..its called an economic cycle. Let the free market do what it has to do and stop the intervention. There will be no trade agreements. That's that. China is going to wear out trump as china is going to win this one no matter how long trump keeps raising tariffs. If anything I bet trump lowers or eliminates them. If he was really about tariffs he wouldn't have delayed the last bunch of hikes until October 15 which is next Tuesday..should be a very fun trading day next week. Mark your calendars!!!
 
S2007S said:
The Bern from these fools going back and forth like a bunch of rookies. Implement the fu$king tariffs and move on. Let wallstreet and the economy deal with what ever happens...so if we go into a recession so be it ..its called an economic cycle. Let the free market do what it has to do and stop the intervention. There will be no trade agreements. That's that. China is going to wear out trump as china is going to win this one no matter how long trump keeps raising tariffs. If anything I bet trump lowers or eliminates them. If he was really about tariffs he wouldn't have delayed the last bunch of hikes until October 15 which is next Tuesday..should be a very fun trading day next week. Mark your calendars!!!
More...

Well, the next three days will be fun too. Powell dribble and FOMC minutes, and then the big trade talks Thu-Fri.

Why is October always the stupid month?
 
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