I agree with you a (light) sell-off may be needed first before the market can push higher again. Personally, I think a drop to SPX 1115 is likely but not lower. We'll see.
June S&P E-mini Futures: Today's range estimate is 1165 – 1176. I think a move to 1200 is underway.
1161 -1168.75 actual yesterday (7.75 points) 1170.75 (last night's high) 1165-1176 estimate for today (11 points) 1170 currently, so estimate is -5.00 to +6.00 from here (neutral)
I do think we could go higher SC. Probably in the summer months. A sell off to 1115 spx, or as low as the fake print area of 107 spy is really about all I'm expecting.
I think the really big sell off, or P3 that everyone calls it, will come late this year.
No one in the market is bullish other than Crammer and Uncle Ben's printing press….
I guess just one printing press is enough to take this market to 15000….
Till then all the people with logic wisdom intelligence can suffer in their intellectual glut and hand over their money to cronies of Uncle Ben…
Take a look here:
http://www.etf-corner.com/markets/
I think Carl tried to say he was long one unit of /ES.
I'm thinking $RUT goes up, in spite of everything.
I certainly am. $RUT is looking weak, compared to financials.
Health care selling off. Transports not confirming this latest up move. Financials showing exhaustion gapping (?maybe?).
Carl has posted a blank message.
Perhaps he is speechless.
Leo:
I agree with you a (light) sell-off may be needed first before the market can push higher again. Personally, I think a drop to SPX 1115 is likely but not lower. We'll see.
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is 1165 – 1176. I think a move to 1200 is underway.
1161 -1168.75 actual yesterday (7.75 points)
1170.75 (last night's high)
1165-1176 estimate for today (11 points)
1170 currently, so estimate is -5.00 to +6.00 from here (neutral)
I do think we could go higher SC. Probably in the summer months. A sell off to 1115 spx, or as low as the fake print area of 107 spy is really about all I'm expecting.
I think the really big sell off, or P3 that everyone calls it, will come late this year.
Yeah, the bears are wiped out right now. It's up to the bulls to start selling first. Maybe you're right, and good news is the answer?