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Looking for SPX 3837/38 by March 30th!

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#31 pdx5

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    I want return OF my money more than return ON my money

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Posted 01 April 2021 - 12:58 PM

SPX 4000 target met.  VST the market is in over-bought conditions ........................

I will not try to pick THE TOP in a parabolic market. Just hang in and enjoy the ride.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#32 redfoliage2

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Posted 01 April 2021 - 01:14 PM

 

SPX 4000 target met.  VST the market is in over-bought conditions ........................

I will not try to pick THE TOP in a parabolic market. Just hang in and enjoy the ride.

 

It now looks a VST top here, expect a pullback next week ......................


Edited by redfoliage2, 01 April 2021 - 01:16 PM.


#33 blackcloud

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Posted 01 April 2021 - 07:08 PM

Congrats to Red for seeing this move up today. The SPX is in a VST bearish position now.  The Dow 30 is barely up today, while the NDX is screaming.  If this is end of quarter window dressing, they are plowing into the techs today and that may not be a good thing.  Tomorrow's job report is likely going to put a pin in the tech growth stock bubble and send the NDX and SPX down hard to around 3887 SPX on a gap down.  There were two astro topping sextiles the past two days: Venus/Sun sextile Saturn, putting limitation to growth stocks based on interest rates going up. Buying the dip looks logical once more as I believe we tag 4012/13 Monday on the SPX, but then lower into the 7th, 8th up and down into the 13th/14th then another strong rally into the 20th and perhaps even the 23rd.

 

My blog has new info.  I bought April 1 puts today on the SPY.

 

Just A Bit Outside...Ball 4....Ball 8....Ball 12

 







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