The S&P 500 topped at 3481

[SunTrader]

LOL they were in control back in 2000 and 2008 too. Oops. Forgot "it's difference this time".

 

[Laissez Faire]

All pullbacks will be fairly small and a buying opportunity unless there is a freak occurrence like Covid was.
But that's dnoe now. Should be all upside now for the next 20 years or so

Nothing is ever certain. While it's true they've been buying opportunities, there's been plenty of deep corrections over the last 10 years.

Never forget that the markers are under control by powerful people who want prices to keep going up at all costs

They same was true in Japan in the 80s.

But sure. This is a bull market and it is rigged to the upside. No denying that.

 

[Aj2014]

I'm thinking next stop is around 3560 - Then we'll have a drop that will be good for about 70 points. And then on towards 3800

 

[ET180]

Your chances of success ar minisucule when you consider the market is designed to go up and we WILL, with 100% certainty be at 5k on the ES in a matter of a year or 2.

If you believe that's a "100% certainty", you should have liquidated all assets that you can, borrowed as much money as possible, and are currently 100% long SPX 4500 call options expiring in 2 years.

 

[tiddlywinks]

If you believe that's a "100% certainty", you should have liquidated all assets that you can, borrowed as much money as possible, and are currently 100% long SPX 4500 call options expiring in 2 years.

Not agreeing or disagreeing with the "100% certainty" call made by @candles, but he did not say straight up from here. Far-dated options may see "better" buying opportunities than the current pricing, even if the opportunity is in the form of a less than 20% sell-off/bear.

 

[Laissez Faire]

This market is incredibly bullish at the moment. Too bullish - some may say. Even irrational.

We made new ATHs this week and closed at top of the range. Not only that - but we have 5 consecutive higher weekly closes where the low came early in the week.

The last 4 times this have happened in recent times the market made a new high the next week and closed higher 3/4 times.

So, on that basis alone there's no strong bearish bias yet.

 

[pauk]

I'm thinking next stop is around 3560 - Then we'll have a drop that will be good for about 70 points. And then on towards 3800

sounds about right

 

[destriero]

I say the S&P has topped at 3481 and will not close over 3516 before it touches 3280

lol.

 

[Overnight]

I've found a new theme sound for your top calls, @volente_00

You do know what happened at the end of that story though, yes?

 

[noddyboy]

lol.

New call - SPX topped at 3482. Stop at 1 point less than my next top call.