Will the S&P go to 1000 or 1200 ?

will the S&P hit 1000 or 1200 first?

  • 1000

    Votes: 60 39.0%

  • 1200

    Votes: 80 51.9%

  • I cannot give an answer at this time

    Votes: 14 9.1%
  • Total voters
    154
Quote from fly down:

Ok but actually I would sell S&P 500 Oct 1200 calls. But your idea is OK as the option is much more liquid.
More...

Show me an online quote on EXACTLY what security you think you are selling with this recommendation. Show me the price as of Monday open and Monday close.
 
SPY finally closed down today...it was something of a reversal bar (went higher but closed lower). What makes it significant is that it occurred on the largest volume we've seen this month for the SPY.

Also, some are still watching a long-term head-and-shoulder for the S&P 500:

Left shoulder: 1150 in January

Head: 1220 in April

?? Right Shoulder: topped out just under 1150 today. We've also had weak volume on the right side which supposedly makes a H&S more reliable.

No predictions here. Do your due diligence and all that. Just some observations. At the least, it could mark a short-to-intermediate term top. We're "overbought" by every stretch of the word and market sentiment is at frothy Oct' 07 and April 2010 levels...
 
Quote from Nine_Ender:

Show me an online quote on EXACTLY what security you think you are selling with this recommendation. Show me the price as of Monday open and Monday close.
More...
I did on the previous page.

Some things never change..like your stalking and jealousy!
 
Looks like an interesting start for the morning. EURUSD rallying hard on Fed's "kill the dollar" approach, but stock futures down a little bit. Maybe the Euro will diverge from stocks...at least for a bit.
 
Quote from MKTrader:

Looks like an interesting start for the morning. EURUSD rallying hard on Fed's "kill the dollar" approach, but stock futures down a little bit. Maybe the Euro will diverge from stocks...at least for a bit.
More...
If you look at the daily S&P chart, it clearly shows that a top was put in yesterday @1148.6
 
Quote from fly down:

If you look at the daily S&P chart, it clearly shows that a top was put in yesterday @1148.6
More...

it shows clearly we are poised to reach new highs, i dont know what the heck you're seeing:p
 
Quote from failed_trad3r:

it shows clearly we are poised to reach new highs, i dont know what the heck you're seeing:p
More...

Where can we access the "Failed Trader" charts?
 
Quote from fly down:

If you look at the daily S&P chart, it clearly shows that a top was put in yesterday @1148.6
More...

agree, the rejection post-fed was certainly a tell. but i dont have faith in my technicals anymore. at a certain point the artificial pressures/manipulations overwhelm them and i dont have much faith.
 
Quote from Tsing Tao:

agree, the rejection post-fed was certainly a tell. but i dont have faith in my technicals anymore. at a certain point the artificial pressures/manipulations overwhelm them and i dont have much faith.
More...
Well I've made my living from technicals so I have to have faith. Looks like a top was put in yesterday @ 1148.6.

Obviously the S&P is now a 3 to 1 favorite to see 1200 before 1000. But i'll take those 3 to 1 odds and still say that it hits 1000 before 1200.
 
You must log in or register to reply here.
Back
Top