The S&P has topped

[Buy1Sell2]

I don't answer obvious multi aliases.

 

[propwarrior]

This has nothing at all to do with forecasting the direction of the market. Thank you for your time.

Because that subset of traders win all the time. Douche

 

[Maverick74]

This guy shorted "presumably" Mar 240 SPY calls at 1.4. That's the equivalent of making 14 handles on the ES. This is a joke. He's being a drama queen with his downside targets of 50 to 200 handles when the idiot capped his profit at 14. You would think the dude would have more conviction to short some real hard deltas. Instead he sold calls for a 1.4. Someone nuke this thread. It's a waste of time.

 

[volente_00]

If you don't want to listen to me, then perhaps listen to the market


“The options market is pricing in greater volatility ahead even though stocks don’t yet reflect this same dynamic,” Felder told MarketWatch. “Over the past few years this signal has preceded anywhere from a 2% to a 10% correction.”

 

[volente_00]

This guy shorted "presumably" Mar 240 SPY calls at 1.4. That's the equivalent of making 14 handles on the ES. This is a joke. He's being a drama queen with his downside targets of 50 to 200 handles when the idiot capped his profit at 14. You would think the dude would have more conviction to short some real hard deltas. Instead he sold calls for a 1.4. Someone nuke this thread. It's a waste of time.

Math isn't your strong point for sure. Explains why you failed at trading
Show me where I shorted 240 calls for 1.4?
Pretty pathetic you result to spewing bullshit lies but I expect no less from a tst pumper. Spy 240 calls cratered 70% after my top call.
Where are your posted trades?

 

[volente_00]

What you think is "Macro" is in fact truly "MICRO". The fact that you squeal in delight over one very modest retracement day, and also set a profit target of 2331 for your supposed 240 short call position tells us that while you're willing to start up this huge proclamation thread boldly proclaiming "a top to the S&P" whilst setting such a conservative and shallow target tells us that you're nervous about the quality of your braggadocio.

We're still going to settle up for the week sporto.

Up for the week yet still topped like I said
So argue all you want but the S&P has indeed topped for now. As I said all along, I will admit I am wrong at 2426 if the Bulls can find some balls.

 

[volente_00]

I'll put my money on Bone and PW...It still might follow the pattern from early Feb with a test in the high 2360's. (but that would also hit a Volente profit target)...

No question it's a micro prediction. I never read anything more into his post (as in long long term top).

You guys want to argue semantics. Micro, macro, regardless i called this top in a blow off short squeeze within 1 point and the market immediately pulled back 1 %. I guess I should edit the poll and change it to Short term top since 50 years from now SPX will be higher than 2400.

 

[Maverick74]

Math isn't your strong point for sure. Explains why you failed at trading
Show me where I shorted 240 calls for 1.4?
Pretty pathetic you result to spewing bullshit lies but I expect no less from a tst pumper. Spy 240 calls cratered 70% after my top call.
Where are your posted trades?

https://www.elitetrader.com/et/threads/the-s-p-has-topped.307293/page-7#post-4417228

I'm just an idiot who shorted march 240 spy calls yesterday that dropped 50% today

They went out at .70 to .75 today. I gave you the benefit of the doubt that you sold the high tick of the day. Congrats, you sold a 7 vol call. Bloody brilliant. Leave your 200 pt downside tgt out of this. Your upside is capped at 14 handles. Nice job man. That's the daily range for the ES with your HUGE macro call.

 

[volente_00]

You just don't get how the game works. Do you think there might be a correlation between 50k cfd account holders who are heavily short and retail s&p futures positioning.

When markets make all time highs or lows it's the same retail positioning, retail loves to fade these moves and they lose consistently.

I can't help you if you are dumb as a bag of spanners. You actually thought earlier that retail were hedging, retail as a collective don't have a clue what is going on let alone how to hedge correctly. Comedy

Did you notice how the rate hike just got confirmed and the market won't go down? What is that telling you?

Shorts will start to panic soon and there will be a new ATH. Watch it happen.

It's telling me that smart money has to create a move up to sell accumulation into before a move down.

 

[volente_00]

https://www.elitetrader.com/et/threads/the-s-p-has-topped.307293/page-7#post-4417228



They went out at .70 to .75 today. I gave you the benefit of the doubt that you sold the high tick of the day. Congrats, you sold a 7 vol call. Bloody brilliant. Leave your 200 pt downside tgt out of this. Your upside is capped at 14 handles. Nice job man. That's the daily range for the ES with your HUGE macro call.

High tick was 2.17
My average is 2.02

My targets all remain unless 2426 gets taken out.