SPX: In an uptrend...oversold into support

In this case, and seeing FX today, I think we'll see a great buying opportunity in the index here. I'll time my entry and go long $SPY if viable. Most people would expect a drop, but trends go for longer than people expect. Let's wait and see, if we don't hit the 2221.5 handle within 3 days, we could expect bulls to step in.

Good luck,

Ivan Labrie.

Yorum:

Yorum:

Acting strong.

Yorum:

How about that eh?

Looks like it's ready to break out and go higher, possibly to 2500.

İşlem elle kapatılmış:

Either close or trail stops higher. I think we might see some kind of retracement or sideways action next. I'm still thinking dips are a buy, but better be careful going into the 20th.

Yorum:

Sideways action it was. If we get a breakout today, we can rejoin longs here.