We are close to putting in a bottom for 2018. I say they s&p will bottom in the 2750-2759 area for 2018 with 2% deviation. A close below 2695 will void this thread. My Spx range for the rest of 2018 is 2696 to 3056
Haaaa, pretty funny.....I keep hearing from the talking heads that s$p 3000 is coming by Xmas time....now that's funny! 3056 Yea not happening
No I called that one too if you search my posts from back then. And was mocked when I said we would make new highs.
Then, how can "2750 be the bottom for 2018"? There has already been a lower one. ?? Or.. did you mean "for the rest of 2018"? If so, should have said that. (IMV... fair chance you're right, BTW.)
May I ask what your basis is for making this call? Is this pure technical analysis or are you looking at fundamental factors also? I have more than enough predicting the next 10 minutes and think it's futile to make long term predictions. I wouldn't be surprised if the top is in for the year, nor would I be if we take it out. Seems like there are several fundamental factors this time around which warrants a change of trend.
Market always ignores/deflects negatives "up to a point" at market tops. Then one day, it "takes them to heart". Is that today?