FX:NAS100   NASDAQ 100 index of US listed shares
6 months ago
I'm long once again, risk is a drop to 4735 here. We need to see a push above 4906 today to validate bullish momentum , else, we might see a selloff if support doesn't hold. My speculative plan is to go short $SPX             if it fails to validate the bullish momentum , and simply close longs in this instrument (and study wether I want to close my equity positions or not, or simply buy protective puts or short calls to weather a decline).

The $AAPL             drop after the battery news is what sent this instrument down, but it's still holding above the uptrend mode, so it has a chance to rally, but it needs to do it fast.

Good luck,

Ivan Labrie.
6 months ago
Comment: We didn't hit the range expansion target on time, but we might be in the presence of a larger consolidation. Unless we break down today, we can hold longs and speculate on the uptrend to resume. I'm looking to short rallies in SPX to offset the risk here.
6 months ago
Comment: Keep an eye today, probably wiser to exit before FOMC.
6 months ago
Trade active: I'm back in the trade with half risk, stop at today's low. If still in trail stops and add a half risk position with this new stop. If not jump in!
Tomorrow we buy more on dips to the middle of today's range roughly.

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6 months ago
Ivan, a nice advice. thanks for reminding. good luck!!!
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