The S&P 500 topped at 3481

Discussion in 'Trading' started by volente_00, Aug 26, 2020.

Did the S&P 500 top at 3481 ?

  1. Hell yea

  2. Hell no

  3. Who cares you’re still an idiot

  4. Who cares destereo makes 14 figures a day trading micro minis for his fund

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  1. SunTrader

    SunTrader

    LOL they were in control back in 2000 and 2008 too. Oops. Forgot "it's difference this time".
     
    #31     Aug 29, 2020
    Cuddles likes this.
  2. Nothing is ever certain. While it's true they've been buying opportunities, there's been plenty of deep corrections over the last 10 years.

    They same was true in Japan in the 80s.

    But sure. This is a bull market and it is rigged to the upside. No denying that.
     
    #32     Aug 29, 2020
    Cuddles likes this.
  3. Aj2014

    Aj2014

    I'm thinking next stop is around 3560 - Then we'll have a drop that will be good for about 70 points. And then on towards 3800
     
    #33     Aug 29, 2020
  4. ET180

    ET180

    If you believe that's a "100% certainty", you should have liquidated all assets that you can, borrowed as much money as possible, and are currently 100% long SPX 4500 call options expiring in 2 years.
     
    #34     Aug 29, 2020
  5. tiddlywinks

    tiddlywinks


    Not agreeing or disagreeing with the "100% certainty" call made by @candles, but he did not say straight up from here. Far-dated options may see "better" buying opportunities than the current pricing, even if the opportunity is in the form of a less than 20% sell-off/bear.
     
    #35     Aug 29, 2020
  6. This market is incredibly bullish at the moment. Too bullish - some may say. Even irrational.

    We made new ATHs this week and closed at top of the range. Not only that - but we have 5 consecutive higher weekly closes where the low came early in the week.

    The last 4 times this have happened in recent times the market made a new high the next week and closed higher 3/4 times.

    So, on that basis alone there's no strong bearish bias yet.
     
    #36     Aug 29, 2020
  7. pauk

    pauk

    sounds about right
     
    #37     Aug 29, 2020
  8. destriero

    destriero






















    lol.
     
    #38     Aug 30, 2020
    noddyboy and Relentless like this.
  9. Overnight

    Overnight

    I've found a new theme sound for your top calls, @volente_00



    You do know what happened at the end of that story though, yes?
     
    #39     Aug 30, 2020
  10. noddyboy

    noddyboy

    New call - SPX topped at 3482. Stop at 1 point less than my next top call.
     
    #40     Aug 30, 2020
    destriero likes this.