SPX: In an uptrend...oversold into support

2 янв. 2017 г.

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.

3 янв. 2017 г.

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4 янв. 2017 г.

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Acting strong.

6 янв. 2017 г.

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How about that eh?

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

8 янв. 2017 г.

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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.

20 янв. 2017 г.

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