$SPY: Uptrend signal Long

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Jan 6, 2023 5:04 PM

Documenting this one, seems like we have a nice uptrend setup in SPY, until February, as long as the market holds over Oct 26th's RTH low roughly.

Best of luck!
Cheers,

Ivan Labrie.

Trade closed manually

⋅ Jan 9, 2023 3:22 PM

Secured some nice gains since Friday.
Probably ok to side step everything going into tomorrow...overnight might not be desirable until Powell and CPI data are out of the way.

Trade active

⋅ Jan 11, 2023 1:29 PM

Might resume the move up today.

Comment

⋅ Jan 14, 2023 5:57 PM

Comment

⋅ Jan 17, 2023 10:48 PM

New 20 day signal triggered today on close.

Trade closed manually

⋅ Jan 18, 2023 7:56 PM

Comment

⋅ Jan 18, 2023 7:59 PM

+1.89:1

Comments

minbari

⋅ Jan 8, 2023 6:47 AM

FOMC end of Jan too, fits almost too well lol

IvanLabrie

⋅ Jan 8, 2023 10:53 AM

@minbari indeed, basically the riskiest think for the current narrative investors are following here. makes sense...

galustov

⋅ Jan 15, 2023 12:12 PM

Looks like this uptrend is loosing steam

elenaec

⋅ Jan 6, 2023 7:06 PM

so rally for the first Q / first 3 months ??? how high do you expect spy to get ??? ty

IvanLabrie

⋅ Jan 6, 2023 7:43 PM

@elenaec target is on chart. See the white box? it's how far and for how long it should go up.

elenaec

⋅ Jan 6, 2023 8:08 PM

@IvanLabrie, it's hard to believe that spy target is 382 to 425 , is it ruled out the drop towards $ 350 ?

IvanLabrie

⋅ Jan 6, 2023 8:27 PM

@elenaec probability is high that it'll go higher from here, not lower but risk is defined. (Oct 26th RTH low is your stop)