The S&P 500 will top at 3250

Discussion in 'Trading' started by volente_00, Dec 28, 2019.

Will the S&P top at 3250 and pull back 9.23% ?

  1. Yes but it won't reach your 9.23% pullback

    2 vote(s)
    6.5%
  2. Yes and it will reach your 9.23% level of 2948 SPX

    4 vote(s)
    12.9%
  3. No way, Trump is taking this sucker to 3400

    17 vote(s)
    54.8%
  4. Who cares you are still early to the top

    8 vote(s)
    25.8%
  1. padutrader

    padutrader

    I was talking about long term bulls

    we are different time frames

    if the institutions do not buy, the market will fall on the smallest selling.

    if there are no buyers until 10% down, the market will fall 10%

    you do not need anyone to sell huge for markets to tank. one lot or one share is enough
     
    Last edited: Feb 26, 2020
    #311     Feb 26, 2020
  2. padutrader

    padutrader

    these sell offs are also caused by no buyers
     
    #312     Feb 26, 2020
  3. padutrader

    padutrader

    respect accepted with thanks
    respect is conspicuous by it's absence in ET.....I try always to be respectful .
     
    #313     Feb 26, 2020
  4. volente_00

    volente_00

    Carpe diem my brother


    Never know when the 12 vix will return
     
    #314     Feb 26, 2020
  5. volente_00

    volente_00

    I'm always safe brother

    Only got 1 out of the 3 objectives but I don't have to be right 100% of the time to be profitable

    This action candle is similar to last August and Dec 2019

    Just like we are filling the gaps below we will eventually fill the ones left above when the short squeeze happens
     
    #315     Feb 26, 2020
  6. Cuddles

    Cuddles

    18% drop puts us in 2788 territory. And I don't even remember the reasons for the drop back then (Iran, Korea maybe?). We've got a potential worldwide pandemic, a disrupted world supply chain, and a "commie" knocking on 1600 Penn Ave.
     
    #316     Feb 26, 2020
    volente_00 likes this.
  7. Deez

    Deez

    I’m getting long with a 50% retrace PT. Your 1999 chart is my blueprint Schizo. I think there is more downside this year and it’s a Bernie not corona led selloff. Therefore, they will try to push it back up to sell high before another leg down.
     
    #317     Feb 26, 2020
    volente_00 likes this.
  8. volente_00

    volente_00

    My ES range for the rest of the week is 3110 to 3225


    Exact numbers in my head are 3120.5 - 3221.5
     
    #318     Feb 26, 2020
  9. volente_00

    volente_00


    A buyer's strike decline isn't caused by 4 mil E's trading.
     
    #319     Feb 26, 2020
  10. volente_00

    volente_00


    2645 to 3500 is still my range for 2020
     
    #320     Feb 26, 2020