The SPX has hit a cyclical top

[destriero]

4th quarter market performance history is generally bullish over the past 100 years. Can it go down ? Anything is possible but if you are a probability better you have to play the past. I'm thinking Jan -march 2019 3050-3190 will be a better short. Perfect short is 319 spy according to my chart

Good call, Bro. You're down 40 points on SPX and counting.

My diagonal is up $11; 14%.

 

[destriero]

Good call, Bro. You're down 40 points on SPX and counting.

My diagonal is up $11; 14%.

50 points...

 

[volente_00]

Calling a bottom here At 2966 DEC for a 50 point short squeeze

 

[destriero]

Calling a bottom here At 2966 DEC for a 50 point short squeeze

The problem is that 2966 on DEC occurred ay 11:46. 20 minutes before your post. Cool story, Bro.

 

[volente_00]

Calling a bottom here At 2966 DEC for a 50 point short squeeze

+25
On that short

 

[volente_00]

SPX 2888 when this top was called 21 days ago

After 52 points of heat the mighty destro is finally 3 points itm

You are killing it here man

 

[destriero]

SPX 2888 when this top was called 21 days ago

After 52 points of heat the mighty destro is finally 3 points itm

You are killing it here man

You took 52 in heat in three days!

Another subtle difference is that mine was due to USMCA. Yet another is that I am up 12%.

I wouldn’t call a 12% gain killing it, but thanks.

 

[volente_00]

Calling a bottom here At 2966 DEC for a 50 point short squeeze

If your lucky I'll let you out on the next down move before we tag 2916-2919

 

[destriero]

Calling a bottom here At 2966 DEC for a 50 point short squeeze

Good call, Bro (2972 long). Thank your God that you don't trade.

2888 -> 2848 SPX marked. SPX and SPY diagonals are up 25%. I've begun to unwind the SPYs.

 

[destriero]

2841 cash. @volente_00 RUOK? Your long seems to be in trouble here.