Intermediate = as in many months. the s&p has been unable to bust thru 1326.7 in recent days, and now has sold off abit. I say that 1326.7 marks massive resistance now.
4 weeks ago the unbelievable resistence was at 1315. this is profit taking. relax and treat it as an entry point.
Have you checked whats backing up S&P ? How are they doing? Do you know? S&P isn't just an imaginary number, its an index.
no, i don't know. i don't trade the s&p. my sectors are doing well.(industrial metals and commodities.) there is always a bear market and there is always a bull market. bad day if you trade the "broad" market, but i'm doing fine.(check ATI, TIE, aauk, zolt.)
The same reason you remind everyone of your bullshit calls on up days. The pendulum swings both ways dimwit.
Except my calls come when the index is actually trading at the same level as my prediction on the same day. This nonsense is like me posting today that the s&P made a bottom at 1256 when it is is trading at 1305 today.
any predictions for tomorrow? I bought some SPY puts at 131.50. Wondering if I should hold after hours.