S&P 500 very close to intermediate term top

My pleasure, except for one thing... what is ES ?? Never traded that in my life.

 

ES stands for a certain financial instrument. Anyone who traded it to fade your call would be up about $700 per contract.

 

ES is the S&P 500 emini futures symbol

 

Really?? If you shorted the S&P at 1527 you'd be losing money ?? You're not too bright, eh ?

 

Actually if you had bought ES right when he posted, at the peak you would have made $1450 per contract and even if you are still holding today you would be up $ 600 per contract.

 

Many congratulations to me and the 50%+ of poll respondents who got it right. When I started this thread on 5/15, I said the S&P was close to an intermediate term top, and it was !

I also emphatically stated that the top would be a double top formation around the 2000 highs which is S&P 1527 ! We nailed it !

 

to ghostzapper..were does the ES go next week?..does it break the 2000 record?

 

Hmmm On the 15th, SPY closed @ 150.57. The low on Thursday, the 24th was 150.74. I.e. anybody following your amazing call by going short ES, SPY or any other equivalent instrument was likely never ever in the green, not a single cent

 

No offense sir, But how can you possibly make a market call, or give a recommendation on the S&P 500 without knowing what ES means? It negates the validity of your analysis even if you are right. JMO

Anyone can guess, or listen to CNBC and hear them state how the S&P 500 is at, or approaching all-time highs.

That's why these top and bottom threads are ridiculous.

 

Yeh, only problem w this is that you ass/umed i called a top ON 5/15, whereas the title of the thread says " ..close.." So, I suggest you go back to the 1st grade and learn what the word "close" means.