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S&P Poll: ATHs or 2,550 first? Vote!

Cy's official Stockaholics thread archives group.

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What comes first from here? S&P - ATHs or 2,550 next?

Poll closed Nov 15, 2018.
  1. ATHs

    75.0%
  2. 2,550

    25.0%
  1. bigbear0083

    bigbear0083 Content Manager
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    So, I haven't done one of these in a little while. I wasn't actually sure to do this one since we're going to have other polls like the Santa Claus Rally poll coming up in the next month. Anyhow, I thought it might be interesting to gauge market sentiment here on Stockaholics as we head into the holiday season.

    This is a very simple and straight forward poll. You are voting for what you believe will be first to hit.

    NOTE: This does not necessarily mean that you believe it will happen in 2018. But, rather at some point out in the future.

    Here are your poll choices:

    ATHs -- Above 2,940 (+5% from here)

    or

    2,550 (-9% from here)

    What say you Stockaholics?

    This poll will close in about a week so try to cast them votes ASAP!

    Don't forget to click in your vote on the poll and post your vote on this thread.

    [​IMG]
     
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Going with ATHs, but personally I prefer to see 2550 will win this poll :p
     
  3. bigbear0083

    bigbear0083 Content Manager
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    I'll go with the over on this one as well. I feel that now that we're through with those binary events (midterms and fed meeting) we can now begin the so-called "Best Six Months" for the markets. The holiday season is fast approaching. I'm still thinking we'll have a nice run into the end of the year.

    My vote: ATHs

    ...that being said, I don't know if we see that by EOY. More likely in Q1 2019 is my WAG (wild ass guess).
     
  4. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    2,550 would nearly match February's lows. I think the 2,603.54 before the election was the low point and market will probably be range-bound waiting out Fed economic assessment and x-mas numbers, and THEN off to ATHs 2019-Q1.
     
  5. bigbear0083

    bigbear0083 Content Manager
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    Well, thus far the intraday low of this corrective move in the SPX is 2,583.23

    So, just missed that 2,550 by a little over 30 handles as of now.

    Currently getting a small bounce back to about 2700.

    We shall if we that 2550 is hit, and even undercuts the Feb. low.
     
  6. bigbear0083

    bigbear0083 Content Manager
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    Inching closer here...got to within 17 handles of that 2550 this AM.

    It is worth noting that our lone "clicked in" vote on this poll for 2550 was @Steven_Burt.

    Even if price doesn't actually come down to hit that 2550 on the nose or below, I'd say that's still an impressive call given where we were at the time of this poll creation. ;)

    [​IMG]
     
  7. bigbear0083

    bigbear0083 Content Manager
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    ...and there we go. we've now undercut that 2550, and now we see if the feb. low will find some kind of support o_O

    btw, great call @Steven_Burt (or at least the vote on the poll since no post on the thread :p it still counts though! ;))
     
    Three Eyes likes this.

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