FX:SPX500   S&P 500 index of US listed shares
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.
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.
Comment:
snapshot
Comment: The shorts look good.
what will gold/crude do if this scenario pans out?
Reply
IvanLabrie PRO selfhigh05
Hi, it appears to be a 'strong dollar' situation, so I'd expect them to drop.
Reply
couf it be a dommed patern
snapshot
Reply
Hi, it could very well end up looking like that.
Cheers!
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out