The S&P 500 will top at 3250

[Laissez Faire]

Maybe my chart and math are different than yours, but:

3250-3180=70 points

Now it almost totally bounced back already, but it still went his way with very little heat.

You're correct and my bad - I should have clarified that I usually look at the US equities RTH session from 09:30-16:00 which would be the same as SPX which I think the original call was for.

What happened overnight was basically a mini black swan, i.e., an unpredictable event, and something I suppose was not part of the original calling. It remains to see if we get some follow through in RTH today.

Very impressive recovery overnight though. Remarkable I must say.

 

[Pekelo]

What happened overnight was basically a mini black swan, i.e., an unpredictable event,x

Well, the Iranians did say a few days ago they would retaliate, so it was in the books. Now it is Trump's turn. He wants both to look strong AND have a high stock market. Those 2 things don't go well together in the short run.

The market doesn't like uncertainty. We got one of the biggest rally AFTER the Iraqi war started.
If there is no war, it looks like the market is still in bullish mode and Volente's call eventually will be wrong. But again, he did catch a temporary top.

 

[maxinger]

MARKET is very bullish.
look at today market.
ES has risen from 3181 to 3246

 

[Nine_Ender]

So no matter if eventually peace breaks out in the ME and the market recovers with an even newer high, Volente's call was already good and nicely in profits.

I think this was his 3rd such top call in 12 months, congrats!!!

Not a single short from OP last year was profitable in the slightest; they were all money losers. Why do you struggle so hard to understand this ? Unrealized profits that turn into realized losses are bad trades.

 

[volente_00]

I'm bearish as can be with the upper gap SPX now filled


Nothing but gap magnets below


Shorted jan SPY 325-327 call strikes at 325 touch

 

[murray t turtle]

Didn't the OP already call the top last year, and then in May of this year and then again in August? Dude, you've cried out wolf too many times. They ain't listening to ya anymore.

%%
Cash SPY hit past 325.57; so the headline is wrong, haven't checked the futs so he could be right there but with 10 minutes 'til close , cash SPY is still real strong $324.98/+.................................................................................................................. Bull market$ have no resistance, its a bull market you know; bear markets have no support, TSLA could crash/ bear trend easy anytime as many problems as they have.

 

[tiddlywinks]

If volente took profits, he called a good TRADE.

Problem is...
1) He didn't take profits
2) His call (as were his previous short calls) is for "THE" top: he and all his broken-watch bias buddies have been wrong for a decade!

That said... he is a better man than me. I don't make calls.

 

[murray t turtle]

MARKET is very bullish.
look at today market.
ES has risen from 3181 to 3246

%%
Strong SPY,QQQ seasonals...............................................................................................

 

[maxinger]

ES broke 3250. Now at 3265.

 

[tiddlywinks]

My parameters say 3250 is the top on SPX

I have a 9.23% drop targeted to 2948 in next the next 90 days


1% deviation and will consider my analysis void if SPX closes over 3283


Good luck to all my trading brothers

At this moment, your "analysis void" is spot on!! Since it's based on the close, it's still possible to trigger, but as of now, SPX backed down with 2 tics to spare. Good call on that price level!!