NASDAQ:IBB   ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND
Same theme as SPY             , we have an excellent long opportunity here. I like the VIX             and pseudo-VIX activity today ( USDMXN             if you might ask), so I think we have a bottom in place here. Stop is a new low, risk 0.5% going long at market open, add to reach 1% risk on dips in the following 3 days. You may or not hedge with either a half size LABD             position, or IBB             puts at $255, Dec             16 expiration.

Good luck!

Ivan Labrie.
Comment: Good progress on longs, back in profit.
Comment: Conservative traders are in the money now.
Comment: I didn't get any love for this one haha...anyone in?
Trade closed manually: I'm out.
Comment: I'm looking to reenter, within 3 days or sooner. The pullback is giving a fantastic opportunity to buy back with a hefty position.
Trade active: Got back in today. -I also shorted NVDA-
you are nailling these
more proof u got it , bullish brake above cloud
snapshot


and did not full fill H&S
unless its a complex shoulder
snapshot
Reply
@G13Man, thanks, yes, it'll probably start stalling here. We can rebuy lower, no need to stay invested. Too volatile. I hold 20% account in SPY from $210 though. Not closing that.
+1 Reply
G13Man IvanLabrie
@IvanLabrie,
snapshot

the 1 year is scary , the wick at the top and in cloud
then dropped back below,
funny how i looked at this earlier then u posted , so i dig deeper ,
agree wait thanks+1
Reply
@G13Man, the cloud shows you a level that is quite good at the top. Notice that the flat portion of the red cloud to the left aligns with this top area.
You can look at each swing's highest low or lowest high in the daily. That's usually a good level. If it breaks up, that's really bullish.
I still think we can easily buy dips, just need good timing. So much easier than shorting.
Reply
sry i missed it 9 days ago
but as we delved in , ,, it seems smart,
but keep it on watch
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out