TradingView
UnknownUnicorn2689000
Dec 12, 2019 11:46 PM

Breakout Confirmation Long

US SPX 500OANDA

Description

The potential for a very big move has developed.

The stage is set and FED has provided. If we can target this 3400-3600 range for the first quarter of 2020 and hit everything on the mark our job for the year is done as a money manager.

We can then switch to improving our basket of commodities once opportunities present themselves later in the year. Coffee and NATGAS being my current HOLDS.

Everything on this chart I have made available. There are no code changes to the strategy presented here.

Comment

Nice pull back, was waiting for this so I could switch my near term bias to long. Made great long trades from the dip using STEM on the 5 minute chart to adjust stop loss.

Comment

Long...

Comment

Targeting 3380 for January.

Comment

The size of this correction was unexpected to say the least. We hit our target...

Comment

Good place for a sizable bounce.
Comments
LotusTrading20
what's the basis for this breakout view, as your Matcs indicator shows divergences all around the place?
UnknownUnicorn2689000
@chocotraders, I tend to call break outs solely on longer term trend breaks. If you do look at the longer term charts as well the MACD is turning up.
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