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.
Good luck,
Ivan Labrie.
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Acting strong.
Acting strong.
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How about that eh?
Looks like it's ready to break out and go higher, possibly to 2500.
Looks like it's ready to break out and go higher, possibly to 2500.
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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.
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Sideways action it was. If we get a breakout today, we can rejoin longs here.
