IvanLabrie
Short

SPY: Short term view and a look at VIX

AMEX:SPY   SPDR S&P 500 ETF
735 20 24
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.
Shazaam...... hehe LOL mate, good one :)
+1 Reply
IvanLabrie PRO moneymaking
It was a good long signal. Sentiment seems to shift quite rapidly lately. After Brainard's speech today, we had too many bulls, and I think the move up is now done.
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have a few question
look my chart .

will you buy the trend line ??? for the nasdaq what will be your target
snapshot
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Hi, no, I don't use trendlines nor did I say I'd act based on any line.
I said I'm looking for VIX to slow down and stop making new highs, to reenter Nasdaq 100 longs, using the CFD, and/or the QQQ etf.
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felix997 PRO IvanLabrie
so you work a lot with the vix . high and low ?

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Yes, when Vix makes a 5 point or bigger spike, you want to buy soon.
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felix997 PRO IvanLabrie
so your next target is around 20
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Target for?

I don't normally trade VIX but use it as a tool.

I don't have a target for SPX or NAS100 right now, I'm holding my SPX short from 2187.50, but only half of it. I booked half at 2133.4 today.

I guide myself with the price action and different trade signals I use, to determine when to exit. Targets I will rarely use.
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felix997 PRO IvanLabrie
Tank s for your explanation and time
+2 Reply
Welcome, good luck!
+1 Reply
bravo
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so we going up
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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
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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

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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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