28 replies to this topic

[12SPX]

sorry, but if this is a major top, I'm batman.  

likely not but bigger volatility may start happening to another +10% rally, is that really worth the risk.....

[redfoliage2]

I don't see this is a major top though it could be a ST top depending upon factors including any significant global economic news, geopolitical developments, unexpected corporate announcements, etc. as the stock market is in over-bought conditions at a new high................................

Edited by redfoliage2, 24 October 2025 - 12:44 PM.

[slupert]

 

Many of the dot com stocks had no or very little earnings. Some of the dot com companies used ipo's to raise

their initial capital. Many of the AI companies actually have earnings and most of them are doing quite well.

The question becomes is what P/E are you willing to pay for this mkt.

Btw I never consider myself a bull or bear as 90% of my trading is selling out of the money options between cycles but when volatility drys up "during the trading day" that is not healthy.  for example, its great were up here but now with no volume were not moving up or down, just sitting and that is not healthy.

 

Blu's got me to thinking. My COIN I bought the other day at $314, is now at $351, I'll take a look at s3elling some calls myself. (JMHO)

[slupert]

 

The SPX tagged my target of 6805/06 to the tee!

 

We are past the joyous Mercury in Scorpio trine Jupiter in Cancer (trine not sextile as I said before) and the SPX is just plain stuck right now. Traders will finally figure this out, I believe and start selling pretty soon. I expect most of the selling will likely occur on a nasty gap down on Monday. Target is ~ 6533/34 SPX.

 

Mercury (the messenger) likely has something nasty in store for us on Monday as tomorrow it trines the malefic Saturn in Pisces.

 

I expect an inverse red hammer and a move below yesterday's close late today. The SPX could gap down by around 3% Monday. It would not surprise me that Trump might announce something to do with tariffs again, cuz that seems to be his mood lately. China?

 

Forget about Tariffs, everybody is holding for Mega cap earnings next week. You might see some selling if we can't hold 6800 today. Then we back up and make another run out of it. If it closes above 6800 today a gap up Monday is most likely. JMHO

[blustar]

sorry, but if this is a major top, I'm batman. This is not a major top, nor a top of any kind. The stock market has just placed a short term bear trap and the herd has been trapped, why should they

 

let it escape from the cage ? The only major top we recently saw is that on gold miners, I think.   

I'm not talking about a major longer term top, I'm talking about a one off plunge on Monday maybe something like 4.4%. We could see an abandoned abandoned baby on the candles, especially the NDX . Look at it!

Edited by blustar, 24 October 2025 - 01:40 PM.

[blustar]

 

 

The SPX tagged my target of 6805/06 to the tee!

 

We are past the joyous Mercury in Scorpio trine Jupiter in Cancer (trine not sextile as I said before) and the SPX is just plain stuck right now. Traders will finally figure this out, I believe and start selling pretty soon. I expect most of the selling will likely occur on a nasty gap down on Monday. Target is ~ 6533/34 SPX.

 

Mercury (the messenger) likely has something nasty in store for us on Monday as tomorrow it trines the malefic Saturn in Pisces.

 

I expect an inverse red hammer and a move below yesterday's close late today. The SPX could gap down by around 3% Monday. It would not surprise me that Trump might announce something to do with tariffs again, cuz that seems to be his mood lately. China?

 

Forget about Tariffs, everybody is holding for Mega cap earnings next week. You might see some selling if we can't hold 6800 today. Then we back up and make another run out of it. If it closes above 6800 today a gap up Monday is most likely. JMHO

 

It looks more like a gap and go 4.4% decline to me!  The FIB support is around 6510 SPX.  When it stays up here on a green candle and we see sideways movement like I am seeing big down move happens the next day. It hit my SPX 6805/06 level and can't get through it!  Look at the 5/15 min chart, it looks like a Mexican stand off, high level distribution pattern! My best guess is 6508/10 Monday on a gap and crap possible, like a 100 pt gap down and go market.

[redfoliage2]

 

 

 

The SPX tagged my target of 6805/06 to the tee!

 

We are past the joyous Mercury in Scorpio trine Jupiter in Cancer (trine not sextile as I said before) and the SPX is just plain stuck right now. Traders will finally figure this out, I believe and start selling pretty soon. I expect most of the selling will likely occur on a nasty gap down on Monday. Target is ~ 6533/34 SPX.

 

Mercury (the messenger) likely has something nasty in store for us on Monday as tomorrow it trines the malefic Saturn in Pisces.

 

I expect an inverse red hammer and a move below yesterday's close late today. The SPX could gap down by around 3% Monday. It would not surprise me that Trump might announce something to do with tariffs again, cuz that seems to be his mood lately. China?

 

Forget about Tariffs, everybody is holding for Mega cap earnings next week. You might see some selling if we can't hold 6800 today. Then we back up and make another run out of it. If it closes above 6800 today a gap up Monday is most likely. JMHO

 

It looks more like a gap and go 4.4% decline to me!  The FIB support is around 6510 SPX.  When it stays up here on a green candle and we see sideways movement like I am seeing big down move happens the next day. It hit my SPX 6805/06 level and can't get through it!  Look at the 5/15 min chart, it looks like a Mexican stand off, high level distribution pattern! My best guess is 6508/10 Monday on a gap and crap possible, like a 100 pt gap down and go market.

 

Well, anything can happen over the weekend ..............................

Edited by redfoliage2, 24 October 2025 - 02:23 PM.

[andr99]

it's clearly a gap and go, to the upside. Resistance cleared, the market can only go up.   

[12SPX]

it's clearly a gap and go, to the upside. Resistance cleared, the market can only go up.   

Oooooo that's music to my ears thankyou, "can only go up".....

[andr99]

please, try to get what I really mean, not what I haven't said. The market has cleared a resistance and it is clearly headed higher and it can only go higher in the short term. Then if you ask me what I think about

 

the longer term, well this market will top out in three or four months with a probable year end rally in between. Short term corrections taking more than one day or two, will occurr obviously but THE BIG TOP is currently away.