The S&P has topped

[propwarrior]

He called a top that lasted for almost 3 months in the midst of a raging bull market, if you cant make money off that/cant figure out thats a good call your in the wrong business junior, hope your enjoying the ride with all 25 of your SPY shares.

a loser who wont admit they are wrong is worse than a sore loser.

 

[Pekelo]

My point is confirmed by the chart.

..and my point is confirmed by a green P/L.

Favoring directions is irrelevant, being right is not. The P/L tells you if you are right or not. You let a +40 points position to go to -10.

 

[Max E.]

a loser who wont admit they are wrong is worse than a sore loser.

He took like 60 points out of the ES on a short in a bull market, what are you talking about?
How many 60 point winners can you show us?

 

[propwarrior]

He took like 60 points out of the ES on a short in a bull market, what are you talking about?
How many 60 point winners can you show us?

mate nice try about diverting the attention to me. If a chump shorts a multi year/month bull market they get run over. rocket science it aint.

 

[volente_00]

2400-2356 is my current range

I'll be going hard like
Gap to gap

 

[volente_00]

Once again kudos to you, it was a fantastic call, im curious what you use to judge your range, like two days ago when you called the 2356 bottom, are you using Fib numbers? I just dont know where you would have pulled it from other than that there was no support there, it was another great call, but i just cant see how you came to that number.

Gaps and mean reversion
Notice where we are today

 

[volente_00]

mate nice try about diverting the attention to me. If a chump shorts a multi year/month bull market they get run over. rocket science it aint.

Still waiting on you to be right

 

[bigsnack]

Well it sure doesn't FEEL like the bears are in control. Bulls usually take their time and grind it out, compared to the faster action and wider ranges of the bears. Volente nailed that top, but I think we chop higher up from here. Still, this has been one of the better threads here in a long time, so at least there's that!

 

[propwarrior]

Still waiting on you to be right

this thread isn't about me it's about you calling the top in the Spoos and getting your arse handed to you.

 

[volente_00]

..and my point is confirmed by a green P/L.

Favoring directions is irrelevant, being right is not. The P/L tells you if you are right or not. You let a +40 points position to go to -10.

I'm not in a swing trade for 40 points if you read my posted trade.

Was my first target not reached ?

Stopped -7


I am now short again at 2386
Stop is 2427
Targets are

2348
2305
And 2185

I plan to roll this further out if all objectives are not reached by June.