The S&P has topped

[Pekelo]

Are we there yet ? (SPX 2425)

Yes dear, yes, we are...

This trade is going down in the annals as one of the most stupid ones. We are talking about Surf Report imbecility here. Being short from 2386 and having a paper profit of 40 points, just to let it ran 80 points against you, that is tremendous stubbornness.

By the way I am calling a top here, if not for the year, but for the summer at least... Based on the dragon and shit...

Added size 2398
Stop adjusted to 2431.5

I see you adjusted the stop so you might just get lucky here, you have 6 points of wiggle room. That doesn't change anything about the evaluation of the trade...

 

[propwarrior]

Yes dear, yes, we are...

This trade is going down in the annals as one of the most stupid ones. We are talking about Surf Report imbecility here. Being short from 2386 and having a paper profit of 40 points, just to let it ran 80 points against you, that is tremendous stubbornness.

By the way I am calling a top here, if not for the year, but for the summer at least... Based on the dragon and shit...



I see you adjusted the stop so you might just get lucky here, you have 6 points of wiggle room. That doesn't change anything about the evaluation of the trade...

You are calling top here for the summer lol given the news energy stocks will be on fire and this is before the tax cuts.

 

[volente_00]

Added size 2398
Stop adjusted to 2431.5

Added to ES short at 2427.75


Shorted June spy 243 calls
avg is 1.54

 

[bone]

These macro market timing calls have such shit risk/reward. Just not worth it IMO. Adding and then widening stops out has transformed the OP's thread into an ongoing hubris arguement in lieu of a rational and objective view of market behavior.

That's my take FWIW.

 

[nillionaire]

Added to ES short at 2427.75


Shorted June spy 243 calls
avg is 1.54

Why not wait until after NFP comes out tomorrow morning?

 

[propwarrior]

Added to ES short at 2427.75


Shorted June spy 243 calls
avg is 1.54

i take it you are joking I fear for your solvency.

 

[Pekelo]

You are calling top here for the summer lol

I have a pretty damn good record with my predictions, so please lol in September, not beforehand...

Not to mention I call whatever I want whenever I want to...

 

[propwarrior]

I have a pretty damn good record with my predictions, so please lol in September, not beforehand...

Not to mention I call whatever I want whenever I want to...

Can I lol now given the overnight action?

 

[bone]

Actually the correct title will be
"S&P will not trade over 2426 before a 13% correction takes it down"

Oops.

 

[Michael.jstocks]

Even an amateur seems to understand how to make money on the SPX!

https://www.elitetrader.com/et/threads/artbuckle-spreadbet-account.309345/

Stop calling tops and shorting. It goes UP!