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

[noddyboy]

Where did you find a 12 on the vix....told you it was going to jump.

It says 12.04 low

https://search.yahoo.com/search?p=v...fp-hrmob&type=&fp=1&toggle=1&cop=mss&ei=UTF-8

 

[Overnight]

I'll have VIX futures data on Monday, if that will help?

 

[volente_00]

Only turned out to be a 7.6 % pullback from the top



Stay tuned as the next SPX top is getting close according to the chart and option action

 

[volente_00]

The prospect of going up 10% from here either in short order or this fall is not insane in fact it's well within the range of normal probabilities. Interest rate cuts will be minimal or not at all, and there won't be any major tanking this year imo.

My bet is a 10.7% -11.6 % decline from the trend line before 10% higher ever trades

 

[S2007S]

So no rate cut stocks tank on July 31st, a 1/4 rate cut and stocks stay put .. No way no how the fed does 50 basis points, so no need to even begin to predict that move by the fed.

Goldman Sachs warns investors that a Fed rate cut won’t do much for the stock market
PUBLISHED 43 MIN AGO




An interest rate reduction by the Federal Reserve, if it were to happen, probably wouldn’t lead to a big increase in stocks, the chief U.S. equity strategist at Goldman Sachs told CNBC on Tuesday.

“A lot of that rise in the market, in my estimation, is already behind us,” said Goldman’s David Kostin in a “Squawk on the Street” interview. “Ninety percent of that rally has been about multiple expansion.”


https://www.cnbc.com/2019/07/09/gol...t-a-fed-rate-cut-wont-do-much-for-stocks.html

 

[S2007S]

Yep Powell bowed to wallstreet just like every past fed chairman.
Hinting at a rate cut at end of July just because wallstreet wants one! Can't disappoint wallstreet!!!

 

[volente_00]

Shorted ES avg 3000.5
Stop is 3031.5

Objective 1 is

 

[volente_00]

Objective 1 is 2984
2950
2896

 

[S2007S]

Wow ... hilarious haaaa

This rate cut situation is funny as fu$k.


Morgan Stanley sees Fed cutting by half percentage point at July meeting
PUBLISHED 2 HOURS AGO

 

[bone]

Shorted ES avg 3000.5
Stop is 3031.5

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

This movie keeps getting played over and over...