The S&P has topped

[Gotcha]

We need an incredible twist to be revealed later: volente is actually Yellen.

LOL... It could have been as simple as a trendline. If you connect the two highs on the daily from the high at 2400, the high today was pretty much right where the trendline touched.

 

[volente_00]

Added size 2369.25

Objectives are

2359
2352.5
2341
And 2311

Covered remainder at 2341
And am now long from 2341

Stop is 2333
Objective 1 is 2356.75

 

[volente_00]

LOL... It could have been as simple as a trendline. If you connect the two highs on the daily from the high at 2400, the high today was pretty much right where the trendline touched.

Nonsense
Ta does not work

 

[volente_00]

Doesn't this article state that there will be at least one new all time high?

Closer to a top than a bottom so you have to nimble with any long trades

 

[volente_00]

Covered remainder at 2341
And am now long from 2341

Stop is 2333
Objective 1 is 2356.75

Flat 2349.5

 

[Pekelo]

Doesn't this article state that there will be at least one new all time high?

For the NDX there was already...

 

[Buy1Sell2]

For the NDX there was already...

They weren't talking about NDX and the data was from Mid March.

 

[Pekelo]

Compared to mid-Mach even the SPX had a 2nd top yesterday (only 10 pts lower than previous) although the daily Bollinger was 8 points higher, but you can't get always what you want.

The point is, yesterday was as good as it gets for a 2nd (SPX) or 3rd top (NDX).

 

[Buy1Sell2]

Compared to mid-Mach even the SPX had a 2nd top yesterday (only 10 pts lower than previous) although the daily Bollinger was 8 points higher, but you can't get always what you want.

The point is, yesterday was as good as it gets for a 2nd (SPX) or 3rd top (NDX).

I think the article was referring to new all time highs, not second and third highs lower highs. Current high was registered Mar 1 ( the day I took profits).

 

[Pekelo]

Markets move together but not always reach the same highs. As I said, at least one of them the NDX had a new all time high and this is as good as it gets.

We topped for the next few months at least if not for the whole year, period. There was even a dragon formation on the daily NDX, the math gave 5520 as top, we only reached 5480, nothing is perfect.

If you are long I suggest you flip to the short side...