The S&P has topped

Those were day trade targets

My longer term targets are posted on first few pages of this thread

 

Love him or despise him - Trump has had a very real effect on US economic prospects in terms of corporate optimism.

 

Last night took an L, but tonight I bounce back
Wake up every morning, by the night, I count stacks

 

Exited daytrade long at 72.75

 

There is an interesting difference between the NDX and SPX. The NDX did put in the 2nd top on Friday with a nice RSI divergence. My prediction was based on the SPX though and that wasn't even able to stay above the SMA line on the daily chart. The Dow had the same weakness as the SPX. So we are ready for the drop, everything is in place now, even if the SPX didn't reach the predicted 2395...

 

Market is still in long mode here. I will stay long until market makes an obvious reversal.---or will take profits like I did last week when an obvious profit signal arose.

 

Yep, bull market range channel we've been trading in since early 2016 is still intact. Bears got no love from Friday's number, and March rate hike is already baked into the cake.

Will need some heavy lifting from the deep pockets for a sustained timeframe to change the momentum. The longer (timewise) a market trades near recent new highs or lows the more accepting the market participant consensus is of that valuation [Market Profile-ish].

 

The board is next to silent as short term day-traders are glued to their screens looking at the tick or 1 minute charts and trying to find something, anything that would signal an entry. The entry may never come on this, the first trading day of the week.--or it may--- I remain long here.

 

Bulls are on spring break


12 days later the S&P still remains topped

 

Thats OK; SPY, SDY,DIA,QQQ........ shorts help fuel rally, 2. TGT[ Target stock] is still in a Bear market + has been Bear target past 2 years/ 200dma. NOT a prediction.