IvanLabrie
Short

SPY: Short term view and a look at VIX

AMEX:SPY   SPDR S&P 500 ETF
734 20 22
2 months ago
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.
2 months ago
Comment:
snapshot


Set alerts for the key levels on chart.
2 months ago
Comment: Shazaam...what did I say?
2 months ago
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.
2 months ago
Trade closed manually: I'm 100% out of shorts for a nice 11% gain.
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).
moneymaking
2 months ago
Shazaam...... hehe LOL mate, good one :)
+1 Reply
IvanLabrie PRO moneymaking
2 months ago
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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felix997
2 months ago
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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IvanLabrie PRO felix997
2 months ago
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 IvanLabrie
2 months ago
so you work a lot with the vix . high and low ?

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IvanLabrie PRO felix997
2 months ago
Yes, when Vix makes a 5 point or bigger spike, you want to buy soon.
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felix997 IvanLabrie
2 months ago
so your next target is around 20
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IvanLabrie PRO felix997
2 months ago
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 IvanLabrie
2 months ago
Tank s for your explanation and time
+2 Reply
IvanLabrie PRO felix997
2 months ago
Welcome, good luck!
+1 Reply
felix997
2 months ago
bravo
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felix997
2 months ago
so we going up
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IvanLabrie PRO felix997
2 months ago
Hi, yes probably. I'm long NAS100 and a few individual stocks (QLD, TWTR, AMD, to name a few)
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felix997 IvanLabrie
2 months ago
i see bear flag every where i hop it is a trap wait and see where we are going
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IvanLabrie PRO felix997
2 months ago
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 IvanLabrie
2 months ago
you have the link of this chat room

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felix997 felix997
2 months ago
i follow elliot wave rules

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timwest PRO felix997
2 months ago
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 IvanLabrie
2 months ago
it could be that

snapshot
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IvanLabrie PRO felix997
2 months ago
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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