The S&P just put in another higher short term bottom

[riskarb]

Quote from volente_00:

Looks like I was wrong by a few points on the close. But I like being wrong, last time I was wrong by 9, the s&p rallied 40 points. Had a terrible day in ES today. Only made 5.5 points. Should I start posting my Pnl again to piss the clowns off ?
I still stick by my bottom call and very soon you will understand why.


Hint for the day.


http://stockcharts.com/education/ChartAnalysis/headShouldersBottom.html

You're legendary, really.

 

[William Rennick]

There's one more Bottom left to nail, go over to Rubberbirds nest,
he's greased up grabbing his ankles waiting for you

 

[volente_00]

Quote from William Rennick:

There's one more Bottom left to nail, go over to Rubberbirds nest,
he's greased up grabbing his ankles waiting for you

LOL, His a$$ hurts enough from all of the money he has donated to my account.

 

[TheDr.]

Quote from rubberbird:

I suppose you should give credit where credit is due. this time, it took gay blade volete a whole week to crap out, whereas his last prediction thread he was wrong on the first day.

So What gives Birdman? Are you saying the SP will pass 1300 now?....Is the fight over?...

Good call either way

 

[volente_00]

T day in full effect.

 

[TheDr.]

Quote from volente_00:

T day in full effect.


I don't know Volente...The pit hasn't reached 1300 YET, We may need instant replay for an official ruling....LOL

 

[Buy1Sell2]

One quick point here just for clarity-- I take bird to mean the cash S&P, not the futures. It may well make a new high, but we will be sideways and most likely down for the bulk of the year.

 

[volente_00]

Quote from Buy1Sell2:

One quick point here just for clarity-- I take bird to mean the cash S&P, not the futures. It may well make a new high, but we will be sideways and most likely down for the bulk of the year.

All of my predictions are based on cash.

 

[Buy1Sell2]

Quote from volente_00:

All of my predictions are based on cash.

yes--wasn't finding fault with you, I just wanted to offer that point in case some might point to June futures.


---
looks like an intraday bearish divergence between price and RSI, MACD may be forming here. Potential exists on the hourly chart as well---it's already occured on the 5 minute chart.

 

[volente_00]

So are you shorting ?