SPX: Breakdown of the downtrend, and longer term signals
SPX is getting extremely interesting, now that VIX has spiked for more than 5 points on the current market decline. I'm monitoring the decline to catch the exact bottom in the market, which I think can end up matching the bottom in oil, and the energy sector, and a great chance to add to my EEM longs too, and acquire more latin american stocks.
I updated my time at mode analysis for SPX in the yearly timeframe, and there's a target at 2987usd, so, we might end up seeing that after the correction bottoms.
Best of luck,
Ivan Labrie.
I updated my time at mode analysis for SPX in the yearly timeframe, and there's a target at 2987usd, so, we might end up seeing that after the correction bottoms.
Best of luck,
Ivan Labrie.
Kommentar:
Kommentar:
$SPY has bottomed for now. We had a 75% retrace of the recent $VIX spike
Promising for our longs.
$SPY has bottomed for now. We had a 75% retrace of the recent $VIX spike
Kommentar:
Kommentar:
Support holds...
Support holds...
Kommentar:
Kommentar:
We approach the end of the time required to rally again.
Keep an eye out for $VIX today, the bottom might take place today.
Keep an eye out for $VIX today, the bottom might take place today.
Trade ist aktiv:
The correction looks to have ended, but the signals here call for a breakout after the 24th. I'm long $SPY from 236.19.
Kommentar:
Looking at $SPX...we hit one of the long term targets, but we still have time to potentially continue the rally
