What comes next for SP500: $2100 or $2900

[NY_HOOD]

I made a post Monday that the rally was a bull trap and for all to be careful because they will be whip sawed. I think the s&p goes to the 2000-2100 level next. I also posted those levels last week.
Be careful out there guys.

 

[Clubber Lang]

Fed made it clear they are not coming in to buy e-mini S&P futures, SPY, QQQ, DIA, IWM to save the equity markets.

Nonsense
They are active in the markets all the time

 

[Buy1Sell2]

3330

 

[VolSkewTrader]

Nonsense
They are active in the markets all the time

No sign of stock or equity purchases on Fed balance sheet. They never have and never will.

https://www.federalreserve.gov/releases/h41/current/

 

[S2007S]

Fed made it clear they are not coming in to buy e-mini S&P futures, SPY, QQQ, DIA, IWM to save the equity market. They're absolutely not buying any high risk assets, which includes junk bonds and any form of common stock or equity inexes/ETFs.

So 1700 SP 500 and 90+% print in the VIX looks like a real possibility.

That's a lie.....if these markets collapse they will do anything and anything means buying futures and stocks...

 

[noddyboy]

Pump to 2900 because the fed will not allow markets to sell off past the point where they propped them up a few hundred s$p points ago. A drop to 2100 would definitely mean a cut right through 2000 and if that happens you can expect more fed propping and trillions more in stimulus.

Wow you are the biggest bull

 

[VolSkewTrader]

Where the hell was the Fed during 2009 when the stock market was down 50%+? That was 10x worse than today's market environment. They didn't step in to save us then, and they're NOT going to step in as a "buyer of last resort" at the 1700 SP level.

 

[Cuddles]

Where the hell was the Fed during 2009 when the stock market was down 50%+? That was 10x worse than today's market environment. They didn't step in to save us then, and they're NOT going to step in as a "buyer of last resort" at the 1700 SP level.

We're not in Kansas anymore

 

[easymon1]

Who Benefits?

 

[S2007S]

Where the hell was the Fed during 2009 when the stock market was down 50%+? That was 10x worse than today's market environment. They didn't step in to save us then, and they're NOT going to step in as a "buyer of last resort" at the 1700 SP level.

They sure did step in. They bailed out banks auto makers TARP and unlimited QE

You dont remember?