If you trade ES

j.n

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...You might want to get hella short right now because of reasons. This is truly a low-hanging fruit in my book.
 
This is a long-term, probably multi-day target, BTW. You "might" need a smidgen of risk tolerance to do it properly. But, I pretty much see this as the top, if not the tippity-top for the foreseeable foreseeableness. At the least, I see it down 30. At the most, around 60. (Like I said, long(er)-term.)
 
sp500 240 min
 

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So, would you be looking for a breakout from that shelf to affirm a short position?

yes

the best thing would be if it breaks out on the upside and then reverse down (black line)

that would be the end of this bearmarket rally :cool:

maybe ;)
 
yes

the best thing would be if it breaks out on the upside and then reverse down (black line)

that would be the end of this bearmarket rally :cool:

maybe ;)

Right - it's not "if," just "when" and I say pretty damn soon. Will it test the November highs again? Last May's highs? Very well could, but I doubt it personally.
 
3rd option -break out upside keep on going that's best option :clap:
 
It looks pretty frickin' giddy right now, I'll give you that. Higher lows galore.
 
It just hit a nice, magic number - and if downward is correct, I can't imagine it going much further to the upside from here.
 
It just hit a nice, magic number - and if downward is correct, I can't imagine it going much further to the upside from here.

You're short may also get helped out by the bad world news and uncertainty :cry:

But, then again maybe already discounted.
 
Must admit I'm a bit surprised the S&P isn't looking weak in the face of today's news.
 
I too see it falling from here after the run it's had. See the Dow at <17000 again before April with Oil retracing for a short while before the next leg up.
 
2090 isn't so far fetched. :confused:
 

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I think it has all but commenced at this point. This one looks like a keeper.
 
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