K, now you are manipulating the conversation. Here is what you typed... " I highly doubt we will ever see S&P revisit 3,337 again in our lifetime." I responded with... "No 3337 in "our lifetime". What the hell does that even mean? Who's lifetime?" You responded with... How about I rephrase that in another way. We will never see the market advance 2,671% (as it did from 2009 to 2020) in our lifetime. The question remains...In who's lifetime will we never see SP at 3337 again? Don't get schizo on us, Sch...Oh, wait...LOL!
20 minutes ago, ES made a high of 3331.25. Let's see if my prediction pans out first, which was 3330 on the cash market. Then I'll tell you if you will be alive to see this number ever again in your lifetime.
I'd be impressed if you went long 3293 for the ride into 3330. Hardest thing to do, IMO, is have your finger on the trigger biased to one side of the action while simultaneously entering and holding the opposing position.
You guys got a bit sidetracked here. In the main time ES futures are up a very decent 28 points while Tesla is showing further weakness by being down 3% pre market, $857. If I am correct with my top call, using Bitcoin's 2017 chart is a good guide how a stock behaves once the vertical phase of its rally collapses. I have been saying this, but even the market writers recognized this: https://www.marketwatch.com/story/t...-parabolic-rally-in-2017-heres-why-2020-02-04
S&P cash registered a high at 3330.53. That should be the HOD and, if my prediction is correct, that will be THE all-time-high for some time to come, if ever.
I kind of agree with this, although this could be just a temporary high. We have 2 pretty big gaps just in the last 2 days and there is RSI divergence with a double top in place. A pullback is a given... In the Tesla news, it touched $760, 200 bucks off of its ATH, $967.