Just to keep it real.... this was a bad call. It might have went up a little after I post it, and before it dropped, and the following day it was right... but I'm not afraid to admit, from where I was coming from, I was wrong on this one. My current opinion for tomorrow at least... down we go. >>>>3965 as I type. Use 3975 as a set and forget limit short entry tonight. stop it out at 79 I doubt either will hit. Down we go. jmho
Ya know, when I read this post, which was in response to mine once removed.... I took you very seriously fwiw... for real.... and I expanded the time frame way out. Like 15 years... since I am on the record here for saying there will be a re-test of 4400 by years end. But I have to admit, I think you are right. Just give it time.
I reckon it could easily take off upwards from just around here though. So could be right still. I am staying short for now though.
Could easily happen. That post was based off of my analysis of last week. Either way, there's near term and long term. That 15 year chart was an eye-opener. Not that Ihat I have never looked at it before... of course I have... it's just things change, My 4474 call by year end was the quintessential contrarian in me.... but in reality... sub-3000 is a real possibility, all things being equal. Now if Putin gets whacked or dies.... all bets off and we go back to the drawing board. But for now, I think the trend remains down. Especially near term.
Last week was either a consolidation or a reversal on the daily. I don't hold a strong opinion. Not convinced we'll get a strong end of year rally like many here seem to believe, but could be enough juice here for another move above 4K.
Fairly tight stop on this. Will add a unit if we break out of this range with any momentum. Targeting a move to 4K initially.