IvanLabrie
Short

S&P500: Bearish scenario

INDEX:INX   S&P 500 Index
1511 8 27
a year ago
In this chart I describe a potential short setup present in the weekly chart, now confirmed.
If we were to get a retracement, then it'd be possible to short at 2060.61, with a stop at 2086.98.
If not, the entry will have to be at market but the distance to the stop will increase dramatically.

Monitor reaction to the targets on chart, it's not clear if this will be the start of a new downtrend, or just a correction,
but it has all elements of a potential global meltdown.
Stay vigilant, tread carefully.

Check out Tim West's "Key Hidden Levels Chatroom for more insights on the stocks , bonds, metals, currencies and Bitcoin markets. I'm currently managing a private trading room for Forex , CFD             and Bitcoin futures traders.
Contact me for more details on how to join either of the two.

Regards,
Ivan Labrie
a year ago
Comment: Working let's see how it goes.
Place stop at break even.
a year ago
Trade closed: stop reached: Stopped at break even.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
Great chart
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SP500: LET
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timwest PRO
a year ago
I think we are back to the level here to short... 2061.72 last...
+2 Reply
IvanLabrie TOP timwest
a year ago
Excellent!
Reply
dingying85
11 months ago
Hi, looks like your target in the chart 1950 will hit tomorrow, will you buy SPY then? or will it fall further?
Reply
IvanLabrie TOP dingying85
11 months ago
Hi!
Right now I'm focusing on a For ex basket trade and individual stock picks, not trading indexes in general.
I'd news evidence that support holds to buy. Right now there's no such thing here yet.
cheers!
Reply
Bitcoin15
11 months ago
Very good ...the GLOBAL MELTDOWN has begun...
+1 Reply
IvanLabrie TOP Bitcoin15
11 months ago
I truly think so.
Reply
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