The S&P has topped

The S&P has topped

  • Total voters
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W.J. Feathermaker III said:
The market is acting just like it did in late Jan-early Feb after the first touch around 2300. 35-36 pt pullback before the ramp. I'd probably watch closely when ES gets down around 2365-66 (the exact level you mentioned), plus that would be a re-test of the SPX breakout level.

It definitely does have a "heavy" feel to it that you only see when too many are long (as opposed to the endless squeeze/momentum buyers) of the last month.
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Open gap and short term trendline in the 65 area. What has to be watched is if we bounce from 65 area then I want to see sellers come back in around 83 in order for more downside continuation.
 
volente_00 said:
Open gap and short term trendline in the 65 area. What has to be watched is if we bounce from 65 area then I want to see sellers come back in around 83 in order for more downside continuation.
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So much Micro speak amongst a MACRO thread declaration.

Too late to edit the Thread title. Grow Balls. Talk macro BE macro.
 
OP Thread Title Analogy: got the largest penis in the world; pre-mature ejaculation prior to penetration.

Yellow Bullet.
 
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volente_00 said:
Open gap and short term trendline in the 65 area. What has to be watched is if we bounce from 65 area then I want to see sellers come back in around 83 in order for more downside continuation.
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Honestly - Baron, please re-title this thread "channel top range trade"

That would be honest and tenable.
 
W.J. Feathermaker III said:
You doing alright Bone?

Seriously, the over reaction to the OP's call is getting ridiculous.
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As you've ascertained I'm a bit miffed at the monumentous title of the thread versus the slim pickings proffered by the OP in the fine print.

Pet Peave: Too few traders objectively recognize and exploit legitimate long term trend.

Pet Peave 2: Too few traders are stone cold devoid of stinking thinking to just receive what the markets openly gift them.

And yeah, those peaves are like several years old by now.

Will the market sell off ? Of course. Do I know when ? Hell no.
 
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For me personally, my weapon of choice is to identify emergent trends confirmed by three different identifiers. In other words, the market has already flipped to a degree and I'm looking for that nice R/R level juiced to the tits by short/long puking and fresh order entry by price oriented HF's.

Don't be stupid - let the deep pockets turn the market. Get aboard with them just after after they've done the really heavy lifting to turn the market.

Be on the side that inflicts pain. Try to avoid the receiving side - you'll live longer, make more money, and enjoy life.
 
Thanks volente, from the title I kinda came under the impression that you thought this was going to be the top.

Like tophats thread where he tried to predict the top.... and failed.
 
Volente could be totally correct. Who knows?

He would just look like a total vag for calling the top and taking so precious little out of it.
 
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