I have to tell ya, spike, since no one has spoken up, that makes me oh so confident that I am correct!! I thought ET had some crackerjack traders??
Well, i don't think 1204 will be the top; we will go higher the next days i think. But i don't known any thing about trading if it goes beyond daytrading.
you know spike, usually i would think there would be an upward bias into a long weekend, especially a patriotic weekend such as July 4th. But, with interest rates a risin thursday, i just don't have that upward bias feelin this time.
well, i went long at the close heavy on the esu5, if it closes below 1202 at 10am tommorow I'll bail, looking for a upward thrust towards 1225 ideally
I daytrade and swing trade so I watch how they play together. I see 1192.50 (MOST CRITICAL), 1191.50 & 1186.25 as a critical levels of support and if those are broken through then 1146.75 is a realistic target. I picked the same top as the bird I've followed spikes posts and will follow this one as well with interest. I'm in Bird's corner until I see what happens when price moves back toward 1192.50.
Interest Rates are rising today? That's news to most of us who actually trade for a living, unlike you and your ego that seeks gratification on the Internet, with your constant ego-stroking now that school is out for the Summer. Last time I checked, the 30 Year T-Bond was +0'23 and the 10 Year Note was +0'065 TODAY. The 5 and 2-year notes were also higher. Smoking crack again, James?
This thread is about the S&P index and it topping out. This thread has nothing to do with interest rates. I've never traded a rate instrument in my life. That's why the title of this thread is "The S&P looks very toppy". Do you understand this, lithium joe? Why so jealous so close to the patriotic weekend? You and your lithium can cozy up to a good movie
Lithium Joe, aka Apex, is still smarting over me catching him trying to perpetrate a lie on ET. The drugs clouded his ability to see a quote posted days earlier. Bird, we really have to show more empathy for the market challenged. July 4th . . . Rah!
I guess that why traders trade price and not time. I hope you didn't see the price at 10 and go back to bed empee. i.e. 10 am EDT top from 1207.75 and no looking back the rest of the day.