Live in the present...after all you trade everyday don't you? When we get there, then trade accordingly.
Fuck 1200 this is going to 1250 according to these experts. Thereâs also a reverse head and shoulders pattern in the chart of the S&P, explains Tim Seymour. Chart watchers now think the S&P can go to 1250. Considering weâre getting better data out of the economies of the world, enough positive catalysts are lining up â both fundamental and technical - that I think more money goes into stocks.
Just fyi the calls you intended to sell would have gotten you 0.11 per contract ( opening price ) but would cost you 0.22 at the close to buy them back. So in one day you effectively lost 100% of your initial amount on an investment with potential unlimited losses. This would be one of the few investments you make in your lifetime that could lose 1000% or more in a matter of days. What do you have to say for yourself ? This kind of bad call can lose people serious money very fast. ps I don't sell these vehicles if I have misunderstood something someone can correct me.
The S&P's inverse H&S has been obvious for awhile, though there's nothing like it for other indexes like the Russell 2000, which would still look very ugly on the bottom if it drops again. Also, there's still a longer-term bearish H&S for the S&P that could hold if we don't go far above 1150. But honestly, I'm not sure how much any of that means. It seems like those patterns usually play out a bit (self-fulfilling prophecy effect) but rarely hit their "measured move" targets. It's possible that both the SP's H&S patterns have already had their impact.
Umm, you made the trade for me despite me saying otherwise. I told you that I trade the S&P 500 calls. This is from the previous page: It's obvious who you are anyway. Nice try!
We'll likely go much higher. The move up has been on pithy volume - just wait until the cash on the sidelines comes back in.