The S&P topped at 2601
- Thread starter volente_00
- Start date
forget calling 'tops', lol
Get long like these guys. They've destroyed it today!
https://www.elitetrader.com/et/thre...isk-in-the-sp500.85694/page-1496#post-4554039
I have it on good authority, 2750 is coming up soon
Get long like these guys. They've destroyed it today!
https://www.elitetrader.com/et/thre...isk-in-the-sp500.85694/page-1496#post-4554039
I have it on good authority, 2750 is coming up soon
Well, if anything these many threads by the OP starting in February 2017 calling 'tops' without confirmatory price action illustrates what a fool's errand the idea is. Hopefully real capital wasn't involved.
Higher highs, higher lows, shallow corrections - there is serious accumulation going on.
Congrats to all you bulls chasing who took my money
Foolish of me to remain stubborn to fight the fed and seasonality
Hell even launching a missle makes the market rally
Hey the S&P did top at 2601
Problem is it only pulled back 12 points before moving up 45
The problem my contrarian swing trading faces is that when I time tops my targets seems to often be to large which causes the trade to fail. My strong point has always been smaller timeframes and daytrading.
My analysis still says we're are getting close to a correction but the technicals don't support it as each pull back since the one I first traded in march has become more shallow. Range is still indicated at 2630 to 2500 for now. This price action reminds me so much of 1998-1999 and that is why I remain skeptical of the grind up. But like the old saying goes
The market's pockets are deeper than your's
Maybe today ha
