FX:SPX500   S&P 500 index of US listed shares
3263 48 68
5 months ago
We broke all this year's high on Friday at the NFP data.
Just one resistance zone in front of us: 2015 May high. 10 points from Friday close.
My suggestion is DO NOT TRY TO SHORT FROM HERE.
Even if it worked at the last 7 times most probably this time it will not.

If we break the 2015 May high there will be a terrible short squeeze I wouldn't be surprised if price rallies to 2300 in a week or 2...

5 months ago
Comment: We are at all time highs.
Very exciting.
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5 months ago
Comment: The problem with breaking to new high is you simply cannot predict when bears will realize that they are in the wrong direction. Once they do all of them wants to exit the trade. So not bulls are buying the dips but bears.... This is coming now I think.
5 months ago
Comment: In the night we tested back the breakout of all time highs.
And now we are at new high again.
I think today could be the day when bears starts to panic....
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5 months ago
Comment: Bears are in trouble...
That's what I was afraid of: no pullback.
5 months ago
Comment: Someone told me last week I'M not looking at the big picture.
Now I looked at it:
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5 months ago
Comment: And I'm more bullish than 3 days ago...
5 months ago
Comment: Again:
this is the time to buy .
If you have short this is the time to bite the bullet and close it.
This is not going to be better.
It broke to new highs and running. Breaking almost 2 years of consolidation.
Will there be red candles ?
Yes . There will be. But we are not going to have a flash crash.
The freshly printed billions are flowing into the stock market.
Take a piece of this big cake.
4 months ago
Comment: Strong trending move is supported by 10 EMA.
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4 months ago
Comment: As I'm watching my 3 monitors I have a feeling that today we will have a small down day.
-1% maybe... It could be used for adding or enter into a position at the end of the day.
We will see...
4 months ago
Comment: Don't freak out ! Bears will call the end of the world today.
It's just a pullback after 8 days of monster rally...
50 EMA or breakout test.. WHo knows?
It's another adding point for me.
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4 months ago
Comment: LOL.
It seems USA had lost its faith UK.
The government forced Goldman to buy the index at the premarket.
3 thing is sure on this world:
Death, Taxes and market will not fall before USA elections.
4 months ago
Comment: ***in the UK***
4 months ago
Comment: It's just a guess but I think BOE will not cut today.
In the night the USA futures were pulled up hard.
I think the Govt. wants to have some room for a little falling. They just don't want price to fall below the 2015 May high once we broke above that.
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4 months ago
Comment: "BOE surprises by leaving key rate unchanged"
No surprise for us.
TimZhang PRO
5 months ago
Well said!
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You deserve credit for being consistently bullish. I expect minor corrective activity before the big push but who knows?
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haug01 PRO
5 months ago
Your work is very good and I appreciate and read all your ideas.

I looked up the Commitments of Traders Financial Traders (TTF) Report for the S&P 500 Index September 2016 (SPU16) on BarChartdotcom.
The commercial speculators and large speculators closed most of their futures positions on last Tuesday. I don’t have much experience with this but fewer open positions preceded the December 2015 S&P 500 decline/correction. I am staying out of equities for now. I agree there will be a jump up but I wonder if there will be sustained high bullish volumes. I am in the global crash camp and don't need to take any short term bullish (or bearish) positions. The jobs report was not good in the larger picture (it was like lipstick on a pig). I mean this all very respectfully to you.
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Fitzndahyouwz
5 months ago
everyone is bullish.... the number one bear indicator.... which the fed has repeatedly used to slay them!
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Nightstar Fitzndahyouwz
5 months ago
You're wrong on this one Fitz. Most 'retail traders' and so-called 'analysts' have been calling for a bear Market in the S&P all year long and managed to miss the bottom in Commodities.. Only a very small number of astute traders know what's going on and will benefit from it :)
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Fitzndahyouwz Nightstar
5 months ago
Hi nightstar I'm not exactly speaking to long term, more the tug of war on the way there.
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traderzaius Fitzndahyouwz
5 months ago
no such thing as a triple top..... this baby is about to hit new highs
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Fitzndahyouwz traderzaius
5 months ago
If everyone knows we are going up then why are there so many shorts in the market, many entering end of day Friday? I'm not a bear, I trade the market.
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traderzaius Fitzndahyouwz
5 months ago
The shorts give the bull even more fuel.....when they cover!!
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andrej123456
5 months ago
Good job. One more resistance and we will see...
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traderzaius
5 months ago
the breakout is coming!!!
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Quant
5 months ago
the trend is your friend, be a trend follower not trend predictor, could provide same result on your gold trend prediction rather following the trend. Painful, indeed.
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traderzaius Quant
5 months ago
you can forecast trends with cycles analysis, sentiment analysis, and Elliott Wave (although not as helpful as the other 2)
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Quant traderzaius
5 months ago
leave the forecasting to econ and central planners, after all they have great record. cycles are are cycles business etc just like hurricane season greater chance for one during june 30 to end of october but forecasting is not the same as trend following thats my view and wrong on spx breakout wrong on gold. imposing you will on the market can be very painful. thats twice. learning from ones experieces is a good trait. ride the wave know the character of the market. its one thing to be wrong its another thing to stay wrong bc of ego
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waterman
5 months ago
With Italian banks collapsing, eu gdp forecast cut by IMF, tug of war started between eu govts and eu commission, from where does the steam comes for bulls ? I predict a bear market here.
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caputo.philip
5 months ago
If all the buyers are already in, who is there to buy more? I do not believe prices will go higher, I in fact recommended shorting. But with everything time will tell. Let's watch!
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Nightstar caputo.philip
5 months ago
I'm not sure you understand the one and only Fundamental driver here.. Central banks continue to print too much money and negative interest rates are becoming the norm. This will invariably lead to a bubble in the Stock Market -- that's what's driving this baby!
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nexuz
5 months ago
thought the break would be a powerful move - im a bit disappointed :)
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chartwatchers PRO nexuz
5 months ago
A lot of ppl still trying to short . They will realize soon that the direction is wrong.
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Trendhopper PRO chartwatchers
5 months ago
Where do you enter though ?...you would be mad to enter now....RSI 61...
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chartwatchers PRO Trendhopper
5 months ago
If you wait for a pullback don't do that. Because there is a possibility there will be no pullback.
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Trendhopper PRO chartwatchers
5 months ago
Too risky for me here....would rather wait for the pullback (on 4hr chart, looking for symmetry) or stay out...either way i don't lose....buy low/sell high....!
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pbartashevich PRO Trendhopper
5 months ago
There might not be a pull back these days Japan and EU markets might lead/push US markets further. Those quite oversold and still recovering generating positive news. Oil might also help for a couple of days.

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BjornPfaff
5 months ago
short is the best solution here, , go long and u will burn yourself
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Nightstar BjornPfaff
5 months ago
Aaaand he's back.
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pjchch BjornPfaff
5 months ago
please go back under your bridge
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tbuckle PRO
5 months ago
Will spy breakout raise oil up a lot?
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chartwatchers PRO tbuckle
5 months ago
OIl shares will be up I think. And oil will move down into the DCL.
But this is the reason - S&P-Dow breakout - why oil will not fall too much.
When everything is going up why would oil go down to 20$????
That's the reason oil bears will be wrong. We just need their shorts for the next leg up.
During the next oil rally - maybe starting in 2-3 weeks- oil shares will go crazy. I will post a lot of charts before that.
Individual shares with 4-500% profit in 2-3 months.
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ahneo PRO chartwatchers
5 months ago
thank you..
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ahneo PRO chartwatchers
5 months ago
would ERX be a good choice for the rally? thanks..
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2use
5 months ago
How far bullish are you in the short term?
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albium
5 months ago
ok i just bought right now! I've never bought this much before. Kinda nervous!
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perdp PRO albium
5 months ago
what did you buy?
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albium perdp
5 months ago
this! the S&P breakout I bought at 2146.3
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carlicus albium
4 months ago
That's what they want, retailers buying the all time high
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nexuz
4 months ago
this is going to be interesting when us opens :)
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carlicus
4 months ago
I think this is no going any much higher. It could be a textbook bull trap. The breakout had no increased volume. The FED needs to hike rates, and when the SP500 is high, it's the only time they rush to speak hawkish. I bet this will fall really soon
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marketpundit
4 months ago
Just got September SPY Call option at the open. So far so good. ))
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marketpundit marketpundit
4 months ago
Closed position (sell to cover) +22% . Thank you Apri! )))
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marketpundit marketpundit
4 months ago
sell to close* rather
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chartwatchers PRO marketpundit
4 months ago
Cool! :)
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cuak87
4 months ago
Do you still prefer long?
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chartwatchers PRO cuak87
4 months ago
Yes . I will be adding today at the bottom.
While gold finds the DCL S&P will rally. 5-7 days...
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Bearbud chartwatchers
4 months ago
Can you update thoughts on adding to this position or will there be a pullback first. Thanks!!
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verlin03
4 months ago