The S&P 500 will top at 3250

[Overnight]

same old boring stuff...…...buy low sell high....

S&P 3300 1-2 weeks

NO

This ain't going to be a V recovery, like the past few big drops.

 

[padutrader]

NO

This ain't going to be a V recovery, like the past few big drops.

the time may be way off....
but the targets will come.
I am certain even if it goes to 2750 the upper targets are true

 

[Overnight]

the time may be way off....
but the targets will come.
I am certain even if it goes to 2750 the upper targets are true

But not in that time frame! You are asking for a V recovery in the amount of time it took to drop this much. I don't see it, unless Trump and Xi cancel tariffs on all products, including the Covid vaccine they secretly created while we were not looking.

 

[padutrader]

But not in that time frame!

I just said time frame may be off.

this is not unusual market activity. you are all behaving as if this is rare...…..this happens every single day in forex...sometimes twice a day

 

[volente_00]

I'm not calling for another 2008

Only a 20-24% decline this time

13 down

Only 7-11% left to go

 

[volente_00]

The only remaining gaps below are 2950 and 2650


While it's possible I just don't see the retest of the break out failing on the first attempt
Of the 3030-2950 area.


A hold of this area still opens up a run back to 3340,3375 and even a run to 3500 to complete the objective

Only one will be left now


2650 will wash everyone weak bull out and then we will retrace to the open gaps above

 

[volente_00]

Largest weekly index decline since 2008


This time is different is what the bulls told me

 

[volente_00]

You can smell the burn on the 100 point rip coming

 

[padutrader]

Largest weekly index decline since 2008


This time is different is what the bulls told me

just trade what you see

what it is exactly, will become very clear, in due course.

if this recent down spike is a corrective move or a test of the breakout, the market will go up slowly from here ,and traders will short this low momentum move up and all the selling will be absorbed at lower levels, so there will be hardly anyone to sell at higher levels, except those who short high, a reasonable thing to do, if the position is managed properly.

such shorts will help fuel the market to new all time highs

and market will make new highs.

if it spikes up fast, then it is an invitation for the crowd to buy high, and market will retest the lows, and the closing of long positions and triggering of stops, will help in breaking the recent low.

if there is follow up selling then it will move down.

I do not believe in getting some preconceived notion, about what the market is doing or will do.

or laugh at someone else's ideas about what the market will do.

as a trader i am willing to change my position from bull to bear, if the market gives enough indication, that it is wise to do so.

better to lose your opinion than your money

 

[padutrader]

2650

you do not think 2815 will hold....

though right now there is enough momentum to take it to 2000