SPX: Update
Güncellendi
We had a massive breakdown today, it's likely to get a time at mode short signal to confirm on Monday, if we don't retest the blue rectangle above. If not short, you make take positions at the open. Risk 0.5-1% on this entry.
Target is just the support below, but it could retrace after hitting the box target, or after the time projection ends.
Either way, I expect a considerable decline, after seeing a rapid shift of sentiment, right after Yellen's remarks, from massive amounts of bears, to bears who gave up, which gave us the right ingredients for a lasting top.
Disclaimer: I'm/we're long VIX calls, with spreads and out of the money call options, and short SPX via derivatives and equity
Good luck!
Ivan Labrie.
Target is just the support below, but it could retrace after hitting the box target, or after the time projection ends.
Either way, I expect a considerable decline, after seeing a rapid shift of sentiment, right after Yellen's remarks, from massive amounts of bears, to bears who gave up, which gave us the right ingredients for a lasting top.
Disclaimer: I'm/we're long VIX calls, with spreads and out of the money call options, and short SPX via derivatives and equity
Good luck!
Ivan Labrie.
Not
Shorted more against the downtrend mode resistance.The stop here is tight, but should hold. If more conservative you could use 3x daily ATR, or go over the highest high.
I expect downside after this Friday's jobs report.
Not
Not
The shorts look good.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.