The S&P 500 will top soon at 2925-2930

Discussion in 'Trading' started by volente_00, Apr 16, 2019.

Will the S&P 500 top at 2925-2930 ?

  1. Hell yes your short term top will be correct again

  2. Hell no the bull market will set new all time highs and trade above 3000

  3. You're still a fool for STFT

  4. Who cares Desperado trades Billion dollar FX accounts recruited from twitter

  5. Baron is still 12% body fat and will kick your a$$

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  1. Pekelo


    When did we start to care about that? Ah, right, never...
    #41     Apr 18, 2019
    Buy1Sell2 likes this.
  2. maxinger


    well. I don't really care.
    I only care about the day range; the bigger the better.
    #42     Apr 18, 2019
  3. Pekelo


    Good question, and although you didn't ask me, here is my take:

    We have a doubletop on the monthly chart with RSI divergence, also reaching the top of its BB. Now the Muller report being released today might just provide the catalyst for the turn.

    Even on the daily chart for the last 2 months we have higher highs but the RSI isn't going higher, it is actually diverging slightly. At least a temporary pullback is in order.
    #43     Apr 18, 2019
    Buy1Sell2 and Laissez Faire like this.
  4. Thank you for your comment. Should be interesting to see.

    Now, for your last sentence - I agree, but this bull seems relentless and continues to surprise people. Also, there's a difference between a minor pullback and a 9 % (?) pullback.
    #44     Apr 18, 2019
  5. mbondy


    When did the market start to care about that? Ah, right, never...

    Post back when you have something to say relevant to what actually compels the market rather than your observations of various indicators, all of which are immaterial.
    #45     Apr 18, 2019
    themickey likes this.
  6. NQurious


    #46     Apr 18, 2019
  7. NQurious


    RSI = 100 – [100 / ( 1 + (Average of Upward Price Change / Average of Downward Price Change ) ) ]

    The rally started like gang busters off a panic low. The very nature of the RSI formula is designed to issue lower values as trends normalize. I'm not sure much should be read into any oscillator at this point other than very short term and then only for judging bottoms of counter trend pullbacks rather than picking the top of a runaway bull swing.
    #47     Apr 18, 2019
    Specterx likes this.
  8. Buy1Sell2


    He's good Gene
    #48     Apr 18, 2019
  9. NQurious


    Umm ... I'm not Gene. Were you meaning to quote my post, B1?
    #49     Apr 18, 2019
  10. Buy1Sell2


    #50     Apr 18, 2019