I got one! I think 1160 will be felt. But since the 4th of July weekend is coming around, I believe patience needs to be exercised. In other words, I don't believe we're crashing in the next week.
Many thanks Lights and Charlie Dow. I made a good call, and it's nice to see that some appreciate it. Thanks amigos!
Nice call: "The S&P is about out of gas. Maximum number is around 1225, " 1225 on the ES was perfect resistance level! It touched it then tanked.
yes good call, I was actually thinking it was sort of time to bail on my 'long' (my S&P index retirement fund) and I pushed the button about noon on Thursday. Unfortunately for me I got the closing Friday price due to fund rules- DAMMIT! Makes it really tough to do market timing. I'm now thinking I'll wait for another sell-off to buy again and it 'feels' like there should be one in the next 6 months as oil seems to want to hold and the market looked weak above 1200. Any more comments about the longer term other than the 1160 area?
Nice call!!! Triple top. Kinda looks ominous huh!?! Alot of models are predicting a slide into October after one more stab at a breakout in July. We shall see.