Vote: Who thinks S&P500 will reverse trend in the next 10 days (2 weeks)?

Naaa. SPX 5150 will see a battle. I doubt it gets there. We're gonna start heading down soon.

 

what was the logic behind these predictions (guessing)? I would just go with a binomial and add in +drift

 

What battle? It's already back to ripping all day everyday. That was the anomaly. The monthly candle for April completely saved. How is this going to drop again? It wasted all it's potential and is already going back up. A battle would imply some type of volatility. I guess the closest was with META, but that got immediately bought. Market is up 5/6 days. We also have the fed this week and that always leads to this thing pumping like crazy.

It can't even backtest this recent rally. Every $1 drop like usual is a fast V. How exactly is this going lower? These drops are what leads to new ATH.

 

Battle = resistance.
We'll see.

 

SPX 4891 looks like a good (near term) starting point. (There'll be lots of good "buy the dips" along the way too. )
5114 as I type.

 

It's chopping in this range. Every tiny dip is fake and will V. I doubt we see SPX below 5 K again.

 

Biggest move today is down so far, though.

I'm sure you'll be wrong a second time, too.

 

Well my call in the post above, is already up 25 points.
SPX 5090

 

The July-October 2023 drawdown on the NQ was 12% so if the 10yr rate goes back up to 5+% you could see that and more.