The S&P 500 will top at 3250

[noddyboy]

Immortal like poster Nitro ? Surely shorting companies with weak fundamentals would be more profitable then shorting the SPX against trend.

I meant immortal as in "never stopped out".

 

[Pekelo]

Considering that

..the call is still good.

 

[volente_00]

Shorting ES here 3386.25 - 3388.25

Stop is 3398.5

Objective 1 is 3372

 

[volente_00]

Considering that a broken clock will be correct twice per day, you have one more to go. But, seriously, even I'm getting tired of hearing these non-stop top calls from everyone. Eventually somebody will get it right, but it wouldn't have been their first call so they get no credit (not even our beloved Volente).

Feel free to buy here and hold to the 2645 SPX touch

 

[volente_00]

Shorting ES here 3386.25 - 3388.25

Stop is 3398.5

Objective 1 is 3372

Filled avg 3387.75

 

[schizo]

Short 3392.50

ST 3395.50

 

[Laissez Faire]

So you want a countertrend trader to chase and go long at the top ?

There's a third option:

Staying flat and waiting for a sell signal which confirms it actually is a top.

There's quite a few of us now who thinks this market is irrational and all that, but the thing is that this market has been that for a long time now. And there's no reason it can't continue being that for quite a bit longer as well.

Do you agree that it's perfectly possible that this market easily go a few hundred points higher before topping?

Sure, it may not be your main scenario, but certainly you must see that it's a possibillity?

 

[schizo]

Short 3392.50

ST 3395.50

Flip long 3389.25
ST 3387.75

 

[volente_00]

Filled avg 3387.75

Stop trailed to 3390.25 here at 78's

 

[volente_00]

There's a third option:

Staying flat and waiting for a sell signal which confirms it actually is a top.

There's quite a few of us now who thinks this market is irrational and all that, but the thing is that this market has been that for a long time now. And there's no reason it can't continue being that for quite a bit longer as well.

Do you agree that it's perfectly possible that this market easily go a few hundred points higher before topping?

Sure, it may not be your main scenario, but certainly you must see that it's a possibillity?

3500 to 2645 is my 12 month range


Same one I posted in January

I have SPX in a 3500-2645 range for 2020

Feel free to post your prediction and we will revisit on Dec 31 to see how the year went

While it's possible there is 3% upside, I know what my position will be when we do fall 20-23 %.