FX:SPX500   S&P 500 index of US listed shares
389 6 16
2 months ago
Stop is pretty tight here, around 2123 for the SPX             .
We can enter longs here (I'm in from 2131.7, but was busy to post)
It's still a good entry here, so feel free to jump in with 1% risk.
I expect it to retest the all time high. We have a pending time at mode target which I'll illustrate after posting so you can jump in quickly.

Good luck,

Ivan Labrie.
2 months ago
Comment:
snapshot
2 months ago
Comment:
snapshot
2 months ago
Trade closed manually: I've booked my long and will rebuy on dips next week.
If all goes well, after the FOMC, we'll see continuation into the highs.
Booked 0.9R.
I'm long in various individual stocks meanwhile.
2 months ago
Comment: I'm getting long once more, keep a good eye on the October close.
a month ago
Comment: The October close confirmed the uptrend signal in SPX, we retested the mode and we should see a resumption of the rally here.
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).
ahmetnmsl
2 months ago
What s your ground on this ?
Reply
IvanLabrie PRO ahmetnmsl
2 months ago
Technical, mostly, but fundamentals aren't as bad as people think.
The setup can fail naturally, so, you have to take the correct position size if going long.
Reply
ahmetnmsl IvanLabrie
2 months ago
It is ok but when i look at the monthly chart and seeing a bearish divergence on rsi ,i hesitate a bit to go long. also fundamentally, today us had a better than expected inflation rate.. so this will increase the rate hike ?
Reply
IvanLabrie PRO ahmetnmsl
2 months ago
Rate hike odds, that was probably why it fell, and oil falling due to supply news but I believe those are short term distortions in price.
It's worth a shot here at least.
Reply
whats going to be the catalyst for the continued stock climb here?
Reply
IvanLabrie PRO selfhigh05
a month ago
I don't know yet, but probably related to corporate taxes in the long term. Right now, the thing is we're at a huge technical support level and sentiment is at an extreme of bearishness.
Reply
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