The S&P has topped

You may be correct, but right now I think we have a pullback in a longer term uptrend. My approach right now is to buy the pullbacks.

 

I'm now building a short at 2356-2365

 

2307.75 is next downside target

 

Shorted 2357.25
Stop 2370

 

%%
Maybe; Buy1Sell2. And SPY, SPXL, UPRO, QQQ ..... 50 day moving average is still up trending , on IBD charts[SPY 50 dma = $235.40+ has been before this thread was started. To call IBD dumb money is a dumb joke. However i dont want to read stuff that just trades like me.Nice profit i think off your first call Volente00. NOT a prediction Its 1:07 CST. Target [TGT stock] is still downtrending below 50 dma, below 200 dma, i know moving averages lag- LOL

 

"Don't bet against Trump" was it??

Well, regardless, I've got some stuff on for Apr13 right now at an ill-advised 2340.
When we about-faced yesterday, I had finger-on-button to roll, and decided to let the overnight go, as I expected that the (employment) optimism would top the (FOMC-balance sheet) scepticism. I thought that worked well today.

Tonight, I'm working to put ES hedges on to balance the SPX hurt to be spelled out tomorrow.
My suspicion (as we've flopped from -8 to -16 to -10 to ......) is that we'll not turn for much lower. I'll write 2320, anticipating 2330 -- leaving room for another half-point drop.

Wheel sí, eh?

 

futures sliding but as a short it's hard not to take profits here

every dip has been bought so far

 

Republican president doing what they do best
Starting wars
And tanking markets

 

That's a starkly poor reading of history: except for President Cheney, war-mongering has been a decidedly bi-partisan effort for half a century.

 

some elite trader just unloaded his account. look at the futures. they're down quite a bit.