Let's look at a recap of Nimrod's daily calls this week on the day trading forum.
2-18 Grand called spx 1363 top. He missed this one.
2-19 Grand called spx 1363 top. He missed this one.
2-20 Grand called spx 1370 top. He missed this one.
2-21 Grand called for a waterfall selloff. He missed this one.
2-22 Grand called for a waterfall selloff and a spx top of 1361.23. He missed both of these.
Grand has no credibility with any traders around here with his continous wrong calls and he owes everyone, including those who lost money following his market calls, an apology. We await the apology from the cycler.
The S&P is up to 1383 right now. Mr. Grandsupercycle continues to make the wrong predictions. Traders should beware and do not trade on his advice unless you want to lose money. He continues with his daily call of a black swan/wylie E. Coyote/waterfall selloff and each day he is wrong.
I see the market grinding up with the usual occasional pullbacks for some profit taking along the way. Probably have some profit taking later this week or next week.
If we settle this week above last year's highs, it is a free call option. Puking shorts and stop-loss triggers will add momentum.
Really big, deep pockets will try to run some stops for the free juice.
GSC is the best fade ever, and his technical analysis sux. No competent technical basis for calling a top. None.
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There is always a bottom and always a top, just give it time, it will come, they always do....SPX could be at 1384 today and 1207 on May 18th. You never know, remember the markets take the stairs up and the elevator down!