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JoeFlahive
Feb 10, 2016 2:44 PM

Classic ABC Structure Long

SPDR S&P 500 ETF TRUSTArca

Description

Bear markets always have counter trend bounces - usually lasting 2 - 3 weeks, and in many cases follow the ABC structure as presented.C

Trade closed: target reached

If you are in the trade take half off the table and move stop to break even. 2nd target is my max move @ 200.00. First target hit yesterday at double top. Thanks
Comments
JoeFlahive
Max move target is almost there. Get ready for the reversal. Stocks to look at now. AMZN, FB, NFLX, LNG, LEN, TGT, CA. Let's enjoy the ride!
JoeFlahive
ABC structure still in play.
JoeFlahive
ABC still in play. I'm actually happy that we gapped down today.
MOMOPro
Think you may be right. /Mometic.com
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