SPX: 2-Month timeframe signal will possibly trigger soon...

The long term trends that were triggered on Nov 2011, Jan 2013 and Nov 2016, plotted as an overlay to the current daily chart, paint a bullish picture for $SPX and our stocks portfolio as a whole. The long term chart is about to confirm a rally, like how it did back then on those 3 occasions. If it does, we will likely be higher by the end of the year, in the order of 13% higher for the index, give or take. Corrections along the way, could be 5 days long on average, and as much as 6.4% deep, but I don't think that will be the case, since volatility in 2011 was much higher than now, and currently distorting the average correction size significantly.

With dems having lower probability of being elected, and a trade deal being closer to becoming a reality, plus negative sentiment having peaked, with Gold and Bonds hitting long term tops possibly, and everyone absolutely hating stocks...I want to be long and let things pan out, same as we do with $BTC for a while now.
Let's see how things evolve here, price action in the short term is constructive, with the daily targets show on chart (yellow boxes).

Best of luck,

Ivan Labrie.

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Looks good so far:

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I'm heavily long stocks since last week, sold my $SPX long today for now, but I'll probably have to buy it back soon. You could say I was scared in profit. Implies continuation... I'll watch closely.

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Still holding my stocks portfolio despite having sold the futures position. ($NVDA, $BABA, and others)

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#SPX has all of October left still, to finally confirm the huge uptrend I'm seeing as possible here in the 2-Month timeframe, this aligns with #BTCUSD's chart as well, interestingly...A boon in risk on assets will prove beneficial for crypto:

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This level could be support in #SPX or it could break down and trend much lower if it doesn't hold:

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If it holds up during 20 more minutes we could try going long here with a tight $10-30 stop.

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Given general conditions, this signal might turn into a failure, I'd suggest taking a step back and holding cash, #BTC, #ETH, #Gold, #Silver, #Miners, be cautious with stock holdings. Liquidity wasn't enough to absorb supply, and the rally we had from support since last week is failing. Situation with China is getting worse, and Trump's position weakening...

Trade closed manually

Trade active:

Since the market recovered, there was no follow through in sell pressure, and we're very close to confirming a huge long term uptrend signal in stocks:

I would buy back in on new highs...

Trade active:

Trending up!

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So far so good...Trend is up long term it seems, this may keep going until 2021, easily. Problem is finding buy entries on VIX spikes, and knowing when to hedge before corrections, but overall good to hold long term stock positions now.

Trade closed manually:

Despite no one believing the rally, prices keep grinding higher...

'This is a bull market after all!'

I'll be looking for a consolidation to buy back since I sold today.

Trade active:

Bought back on the dip.

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If #SPX holds over 3081, it has time until Dec 18th to hit the two targets on chart (yellow arrows)

Tracing those trends would give us a safety net for our last entry, since this trade should be held following the long term trend in #SPX, for months...

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I copied the action from all the times a 2 month timeframe trend signal confirmed in SPX since 2009, and the average of those patterns was the blue arrow in my chart. You can see that it moved following my expected path overall:

Stocks are a hold, direction is up, in the long term. Short term dislocations between now and mid to late 2021 will be buying opportunities. Watch the $VIX chart, spikes in this indicator will be good opportunities for dip buyers once volatility recedes.

Trade active:

BTFD:

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Looks about right for a massive bottom...$VIX spiked more than $5, and slowed down at the bottom:
s3.amazonaws.com/tra...shots/p/PuAMIxSm.png
People reached peak bearishness, now RgExp from a mode. Mode retest held...
I think we got the bottom in stocks.

Trade closed manually:

I sold the rally when $VIX dropped after initially surging, then shorted #AAPL. I'm not yet back in #SPX longs.

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This was a logical level for #SPX to find bids to support the market, we should see #VIX slow down going into Monday's session, else #SPY might gap down next week:

50 EMA buyers might be right here, but not sure if they are the strong side of the market.

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Dip bot

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Finally bottomed it seems:

Let's buy a 60% #SPX long position here, if the bottom holds, we might rally for one more year, given the signals in #SPY and #SPX long term charts

Maybe at least until the elections by November

Now: 3027.3

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Another interesting indicator is the stocks vs bonds ratio, it hit support in the monthly timeframe here:

Similar to the December 2018 bottom, or August 2019 bottom.

Trade active:

It took a bit longer to bottom, stopped out a couple times, but overall the trend was a good move.