FX:SPX500   S&P 500 index of US listed shares
556 4 28
3 months ago
We had a massive breakdown today, it's likely to get a time at mode short signal to confirm on Monday, if we don't retest the blue rectangle above. If not short, you make take positions at the open. Risk 0.5-1% on this entry.
Target is just the support below, but it could retrace after hitting the box target, or after the time projection ends.
Either way, I expect a considerable decline, after seeing a rapid shift of sentiment, right after Yellen's remarks, from massive amounts of bears, to bears who gave up, which gave us the right ingredients for a lasting top.

Disclaimer: I'm/we're long VIX             calls, with spreads and out of the money call options, and short SPX             via derivatives and equity

Good luck!

Ivan Labrie.
3 months ago
Comment: Shorted more against the downtrend mode resistance.

snapshot


The stop here is tight, but should hold. If more conservative you could use 3x daily ATR, or go over the highest high.

I expect downside after this Friday's jobs report.
3 months ago
Comment:
snapshot
3 months ago
Comment: The shorts look good.
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).
felix997
3 months ago
couf it be a dommed patern
snapshot
Reply
IvanLabrie PRO felix997
3 months ago
Hi, it could very well end up looking like that.
Cheers!
Reply
selfhigh05 PRO
3 months ago
what will gold/crude do if this scenario pans out?
Reply
IvanLabrie PRO selfhigh05
3 months ago
Hi, it appears to be a 'strong dollar' situation, so I'd expect them to drop.
Reply
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