The S&P 500 will top soon at 2925-2930

Will the S&P 500 top at 2925-2930 ?

  • Hell yes your short term top will be correct again

  • Hell no the bull market will set new all time highs and trade above 3000

  • You're still a fool for STFT

  • Who cares Desperado trades Billion dollar FX accounts recruited from twitter

  • Baron is still 12% body fat and will kick your a$$


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I say the S&P 500 will top at 2925-2930 and we will pull back 9% from this level
I will allow 1% deviation on the trade so I will consider this top void if we on a closing basis are above 2959.3
Just doing the daily check on The Call. ----Like nearly all of your calls, this one has been spot on so far----Congratulations.
 
Just doing the daily check on The Call. ----Like nearly all of your calls, this one has been spot on so far----Congratulations.

In a post above, I warned about discounting the difference between the underlying economy and non-market (read: "Tweet") geo-political effects. I stand by that. Still, there's no getting around that we're threatening 2750 in the S&P -- a goodly 200pts down from the peak, and a mere 100pts from volente's call. What is more is that since the call (April 16th), we've spent a continuous third of the time above the call, and the ensuing two-thirds of the time (from May 7) below the call, and since May 1, have trended steadily down.

This turmoil could turn around tomorrow. We could be kissing S&P at 3000 before July 4th.
But the fact is, we're snuggling 2750 right now, 100pts away from 2650.
 
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