S&P 500 very close to intermediate term top

When the employment # is strong and int rates hit 5%, you'll all realize why I said JUNE 1st was the beginning of the end.

 

That's soooo old school. Strong economic figures are good for stocks. Bad economic figures are also good for stocks.

I wouldn't to be short stocks ahead of tomorrows figures...

 

Not sure where you get 13,250 from because just looking at a weekly chart of the DJ, I think the market remains bullish unless we trade below the Feb 12800 prior highs. To confirm a change in trend the DJ needs to get below the 11940 low seen in March.

Bulls do indeed have a lot of "wiggle" room while bears have a lot to prove.

 

How do you make money selling a "top" when we see higher highs every day in the SP500 since you made your marvellous call

 

Im still waiting for an answer to this....lol

 

He makes it by fading himself. Sell means buy !

 

the old fashioned way: 2/20

 

Do you give 20% back for the all of the losing years since calling a top at 1140 ?

 

Futures indicate a opening of 1538.

Is 1527 > 1538 ?

 

My condolences to everybody that is still short ES. Markets often move into the direction of maximum pain, maybe that's what we're seeing.