IvanLabrie
Short

SPY: Short term view and a look at VIX

AMEX:SPY   SPDR S&P 500
In this chart I'd like to bring a few important points to everyone's attention.
First, this is a new trend, if the DJIA             forecast is valid, and now that the cards are dealt, we might see a pullback, and the market can go where stops are. That's what generally happens.
Try to avoid going by gut feeling, or joining the herd, so to speak. I'd reccomend keeping an eye on RgMov readings, and on Vix             , as well as on the SPY             short term charts. There might be solid buying opportunities in individual stocks, but also likely on indices.
The chart here implies that we can see a pullback, and we can try to catch the long side when volatility quietens.
Good luck, don't bet the house on shorts, if you didn't short higher earlier, you're late now. You can even look to long the pullback when it comes, and short at the top of the rally, on weakness.

Cheers,

Ivan Labrie.
Comment:
snapshot


Set alerts for the key levels on chart.
Comment: Shazaam...what did I say?
Comment: I covered 1/2 my short from 2187.5 in SPX cfds.
I'm waiting for volatility to slow down to long NAS100 again.
Trade closed manually: I'm 100% out of shorts for a nice 11% gain.
so we going up
Reply
Hi, yes probably. I'm long NAS100 and a few individual stocks (QLD, TWTR, AMD, to name a few)
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felix997 PRO IvanLabrie
i see bear flag every where i hop it is a trap wait and see where we are going
Reply
Traditional technical analysis tools tend to cause this type of problem.
I'd reccomend you stop by the 'Key Hidden Levels' chatroom for more trade ideas and reccomendations.
Good luck!
+1 Reply
felix997 PRO IvanLabrie
you have the link of this chat room

Reply
i follow elliot wave rules

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timwest PRO felix997
Look for the "KEY HIDDEN LEVELS" Chat room in the Chat Room section to the far right under the "SOCIAL" heading.
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felix997 PRO IvanLabrie
it could be that

snapshot
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If you want to make money trading I'd reccomend you start looking at a timeframe that gives you time to react/think. (daily is a good start)
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bravo
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