The S&P 500 will top at 3250

[HeSaidSheSaid]

you're right but I don't think market would move much in the next two days. so it was my guesstimate of how SPX would end.
though on second thought, vix popped quite good last friday

 

[Overnight]

you're right but I don't think market would move much in the next two days. so it was my guesstimate of how SPX would end.
though on second thought, vix popped quite good last friday

10% down, because I am long 2 MNQ. Don't you dare laugh, for it has happened before. I move markets with my micros.

 

[padutrader]

yes you are right..3250

and we are in 2019
another 1021 years to go

 

[nooby_mcnoob]

Well, let me ask you. Were you trading back in 2008? When Lehman and Bear Sterns came tumbling down, it was a scary time for the bulls. It's really funny how forgetful people are as if the past cannot be repeated (yet they always do). It's also worth noting that when it comes to pure greed and fear, fear will ALWAYS triumph over greed.

I am proud to say I went hella long when SPY "crashed" to 307 recently. Hella, hella long. That's some NJ talk for ya.

 

[schizo]

I am proud to say I went hella long when SPY "crashed" to 307 recently. Hella, hella long. That's some NJ talk for ya.

Well kudos to ya. However, in case you noobs might not remember, what we're experiencing now is eerily similar to the dot.com bubble of the late 90s. So keep that in mind and be nimble and tread carefully.

 

[nooby_mcnoob]

Well kudos to ya. However, in case you noobs might not remember, what we're experiencing now is eerily similar to the dot.com bubble of the late 90s. So keep that in mind and be nimble and tread carefully.

Thanks

Edit: PS I wasn't clear but I already took the profit.

 

[noddyboy]

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

I believe you believe everything you say, except the stop. I can see you saying stopped at 2948 and reentered short at 2948.25.

 

[Laissez Faire]

My parameters say 3250 is the top on SPX

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

I would be more interested to hear why the market will top at 3250.

Why not wait for a short signal and enter then?

9.23 % seems like an odd number, but it is 300 points and probably why you arrived at that number. If the market will drop or retrace 300 points - you will get the chance to enter on a confirmed short signal. Maybe you won't get the exact top and miss 30 points or so, but you won't get smoked if you're wrong either.

Good luck.

PS: I've been bullish for the last months and called for 3250 a few weeks back. I think we may see 3250 tomorrow. If it is a market top remains to be seen, but overall I'm bullish going into 2020 barring any evidence/trigger to sustain a sell.

 

[tiddlywinks]

overall I'm bullish going into 2020 barring any evidence/trigger to sustain a sell.

+1

Barring a black swan (and there are plenty of potential catalysts, but those wouldn't be black swans, now would they?), the operative words are SUSTAIN + SELL. Otherwise it's merely "normal" two-way trading... good for bumps, maybe jumps, in volatility as measured by VIX, and therefore great for those that trade!!

"This is THE top" headline that @volente_00 spews every few weeks is a broken watch rooted in his own ego on this forum.

 

[S2007S]

Some are calling for just under 4000 on the s$p

Feels like most believe the s$p will never ever ever ever ever fall back below 3000 ever again...