The S&P 500 will top next at

Where do you think S&P will top at next?

  • Total voters
    25
volente_00 said:
Where do you think we top next at?
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No one knows the day or hour when these things will happen, not even the angels in heaven or the Son himself. Only the Father knows." o_O

But I guesstimated above 2525...don't fight the trend -- generally speaking,
Full Steam ahead...is what the Captain of the Titanic said, right before crashing,
 
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volente_00 said:
So put me down at 2500 on the split
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If you used Weekly data and trend lines IMHO you never would have gotten sucked into this unending morass of nonsense. I'm not saying that you would have gotten long, but even Stevie Wonder can see that a macro short call is completely unwarranted. WTF would you pick 2500 ? In context that level is so close to our currently trading levels - at least learn something from your posts since February.
 
How big would the 'drop' have to be in order to be able to call the prior high a 'top'?

But I can't see us having a 'proper' drop until much higher - 2900 ES or so - then a drop to 2100, then a rally to 3000 plus
 
bone said:
If you used Weekly data and trend lines IMHO you never would have gotten sucked into this unending morass of nonsense. I'm not saying that you would have gotten long, but even Stevie Wonder can see that a macro short call is completely unwarranted. WTF would you pick 2500 ? In context that level is so close to our currently trading levels - at least learn something from your posts since February.
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Far too easy for you to keep talking about what could have been done. Talking about weekly trendlines is not even trading, its investing. Waiting for a major trend line to break and then going short means you're getting short soooo late into the move that you need something like 2008 all over again to make money.

Lets look at this trendline on the weekly chat. Look at that lovely trendline down at 2240. Do you suggest we start looking for shorts when we get down that low???

ES-201706-GLOBEX [CV] Weekly #15 2017-07-26 13_55_37.630.png


A break of a trendline in my opinion is no time to even be looking to get in on a short.

There is a lovely trade call thread that @propwarrior just started right now and its blatantly obvious that those people who are permabulls and actually trading for a living aren't making money just going long.

A few times now I've been riding your ass about your extremely unhelpful hindsight advice and constant inability to actually make a tradecall to show us all how your expert analysis works going forward. You have once again shown that its easier to make $7,500 from your clients than to make it from the market.
 
Gotcha said:
Far too easy for you to keep talking about what could have been done. Talking about weekly trendlines is not even trading, its investing. Waiting for a major trend line to break and then going short means you're getting short soooo late into the move that you need something like 2008 all over again to make money.

Lets look at this trendline on the weekly chat. Look at that lovely trendline down at 2240. Do you suggest we start looking for shorts when we get down that low???

View attachment 176018

A break of a trendline in my opinion is no time to even be looking to get in on a short.

There is a lovely trade call thread that @propwarrior just started right now and its blatantly obvious that those people who are permabulls and actually trading for a living aren't making money just going long.

A few times now I've been riding your ass about your extremely unhelpful hindsight advice and constant inability to actually make a tradecall to show us all how your expert analysis works going forward. You have once again shown that its easier to make $7,500 from your clients than to make it from the market.
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That trend line is the 10% correction target
:)
 
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