The S&P 500 topped at 3481

[Laissez Faire]

All bear markets started at ATH

I suppose.

Referencing ATHs - I was only doing it with regards to last weeks major pattern.

 

[volente_00]

Magda since you deleted the other thread with the poll,
Please close this thread and I’ll open a new one with same title for discussion

 

[volente_00]

I've learned over the years in order to spot a reversal a PA signal has to be given and then confirmed also by PA. Not a particular number hit.

I learned a long time ago in order to beat the herd you have to beat them to the point


You will never buy bottom or sell a top following what the sheep do

 

[Math_Wiz]

I agree with your call Volente, including your target and your stop.

 

[SunTrader]

You will never buy bottom or sell a top following what the sheep do

Although it happens for me, rarely, I don't try to make it happen. Probabilities are very low.
Much better ways to make a buck.

 

[Cuddles]

Love me or hate me


SPX will touch 3400 and 3280 from these levels

 

[Relentless]

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

Didn't even survive a week

 

[candles]

you're much better off getting long.
Even right here
They want to hit the 4k area at a minimum

 

[Bugsy]

"Markets can remain irrational longer than you can remain solvent."

-John Maynard Keynes

 

[volente_00]

There is no stop. There will be another top thread at 3517 and so on.

I’m not going to start another thread
Looks like I was early and stopped out but we’re still topping here according to my indicators

I’m building a swing short in ES from 3550 to 3589


And selling SPY October expiration 350 to 360 call strikes on this run up


Objectives are still 3401 and 3281