I still think its too early to be shorting the S&P. The Euro crisis is going to be back in June if Brexit happens which may in turn drive up US stocks if either the pound or euro devalues. On the other hand if that doesn't happen, all markets may continue to shoot up until fundamentals change. Also I don't think Obama would tolerate such a huge drop just before he finishes his term.
I don't care where the S&P will be next month. I am more interested in the next few minutes. And if that is possible, I will be correct next month without any problem, as I always would know where we will be in the next minutes. I also learned no to predict but to follow a system. I am too stupid to predict the 200 points fall. But not stupid enough to predict LT.
To summarize your three posts: You beleive the fed will cause the market to fall. And you are a slave trader.
Summary of this thread: day trader makes outlandish market call with no analysis. Doesn't take a view consistent with it.
So you were living in the woods of Africa, or you made a mistake and should have written ... when YOU didn't even know... I was daytrading in 1990, and I was not the only one.
I give it 318 business days till we touch the low (650). We're a the top. Prepare for 318 business days free fall.
In my experience, large drops like this rarely happen when we expect it. I prefer to trade the market we have rather than the one I expect.
You are the guy who predicted he would take 1K to 500K in 8 months the lost his entire account in 10 days. I don't think you should be giving advice.