SPDR S&P 500 Message Board
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Odds we hit 1230 -1250 this week?
Does anyone think we will hit 1230 - 1250 this week or next?
I am thinking of hedging in that area, anyone else see that?-
yep hopefully we will get 1230 -1250 this week or next week.
- 1 Reply to bagholderslose
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still looking for my 1230 - 1250 range
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Doubtful. I couldn't sleep last night so I was up at 4 AM this morning. DAX made a feeble attempt at 6000--crossed it--and sold off hard and fast about a minute later. It's down another 1% since I left my house and got to the office. The market is heading back down.
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I have 126 calls that I bought for twenty five cents -- up 6x -- so I'm struggling with that question. I pause over the next few days is about a 50-50 proposition in my mind. 126 by next Friday would be 17% off the low and right at medium term resistance.
I just don't know. If we get another 15+ up day tomorrow or Friday I will probably cash out.- 1 Reply to slcehamrick
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I'm thinking GOOG gives it to us on Friday, then i am hedging after that
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After the break from 1220 today and the change in news flow again for Europe and China this afternoon, it will take great numbers from China (even if they are fake)
10% chance.
Will check reports form my parallel universes to verify. -
From 1075 to 1220 in exactly 1 week wasn't enough for you?
Today was a lower close in the channel (See the close on 9/16)
Look for the S&P to return to 1120 within a week or two, not 1220.- 1 Reply to moneynow27
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I agree. We might get one more last gasp for 1225-1230 intraday, but I think the close today told us we are heading back down all else equal.
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