The S&P has topped

The S&P has topped

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Pekelo said:
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...
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You may be correct, but right now I think we have a pullback in a longer term uptrend. My approach right now is to buy the pullbacks.
 
Pekelo said:
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...
More...

2307.75 is next downside target
 
volente_00 said:
Shorted 2357.25
Stop 2370
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Buy1Sell2 said:
Doesn't this article state that there will be at least one new all time high?
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%%
Maybe; Buy1Sell2. And SPY, SPXL, UPRO, QQQ ..... 50 day moving average is still up trending , on IBD charts[SPY 50 dma = $235.40+ has been before this thread was started. To call IBD dumb money is a dumb joke. However i dont want to read stuff that just trades like me.Nice profit i think off your first call Volente00. NOT a prediction Its 1:07 CST. Target [TGT stock] is still downtrending below 50 dma, below 200 dma, i know moving averages lag- LOL
 
"Don't bet against Trump" was it??

Well, regardless, I've got some stuff on for Apr13 right now at an ill-advised 2340.
When we about-faced yesterday, I had finger-on-button to roll, and decided to let the overnight go, as I expected that the (employment) optimism would top the (FOMC-balance sheet) scepticism. I thought that worked well today.

Tonight, I'm working to put ES hedges on to balance the SPX hurt to be spelled out tomorrow.
My suspicion (as we've flopped from -8 to -16 to -10 to ......) is that we'll not turn for much lower. I'll write 2320, anticipating 2330 -- leaving room for another half-point drop.

Wheel sí, eh?
 
volente_00 said:
Republican president doing what they do best
Starting wars
And tanking markets
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That's a starkly poor reading of history: except for President Cheney, war-mongering has been a decidedly bi-partisan effort for half a century.
 
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