IvanLabrie

SPX500: Confirmed time at mode signal

Long
IvanLabrie Aktualisiert   
FX:SPX500   S&P 500 Index
We have a confirmed daily uptrend signal in SPX, so we can expect a move to reach the target on chart within the next 7 bars after today's close.
I want to see if today's low stays above the former resistance levels we broke, and if we cross the resistances above as well. It might take a couple days to do so, logically, but I think odds are really big that we get a sizeable rally in all equities for a while.

Good luck,

Ivan Labrie.
Kommentar:
Ideally we won't go under 2164 today, but if we do, there's huge support at 2162.

Kommentar:
We have broken down but found support for now.
There is a new 10 bar level too, and price holds above the FOMC key level.
I don't want to be quick to jump to conclusions and short equities (although I do keep a short book, currently with CLX, EWG, WMT on it).

Kommentar:
Kommentar:
Market rallying with Biotech here...looks good.

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