IvanLabrie
Long

SPY: Projecting the top target

AMEX:SPY   SPDR S&P 500 ETF
576 6 20
3 months ago
If we employ the time at mode trend analysis methodology we can conclude that the SPY             chart is in an uptrend in the weekly, daily and intraday charts. Currently, there's a daily and weekly signal active, and the targets are labeled in the chart. I'm holding longs and shorts in different stocks , and currently long SPY             , but will track the progress of the uptrend closely to catch the retracement or reversal once it's confirmed. For the time being my bias is on the long side though. I reccomend paying close attention to the dates on chart, since I anticipate some kind of reaction to these technical and fundamental landmarks.
I'll expand the analysis and update the chart as we move forward and include some of the setups and charts we have been discussing, both with my signals clients, as well as in Tim West's 'Key Hidden Levels' chatroom linked below.

Check out my updated track record here: http://pastebin.com/6CyyqnPT

If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers!

Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.


Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.25% on such information.
3 months ago
Comment:
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3 months ago
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3 months ago
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I'm long TGT from 73.88, stop 71.74, target 79.81
3 months ago
Comment: 'Above 226.13 (the KEL) it'd be a pretty painless long, risking a drop to 220,51
F looks great, holding for more upside.
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'
3 months ago
Comment: 'Beautiful
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this dip can be bought
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stop 217.64'
3 months ago
Comment: 'This is a very good exit for KSS, at least partial
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you can buy back when it dips
Tim called the long at, around 38
a dip to the new KEL would be nice
PBF is down, but at the daily mode.
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Looks good for the most part, let it run.
TSLA looks very good
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d
'
3 months ago
Comment: This is a sample of what we discuss at the chatroom, feel free to stop by. :)
3 months ago
Comment: Check how well my recommendations went...
3 months ago
Comment: The break down in DIA and SPY suggests we could see further downside in the broad market. I'm holding shorts and only holding longs in specific individual stocks. Selling calls for 3 months against longs is a good idea.
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).
IsaacKern12
3 months ago
That room?
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IvanLabrie TOP IsaacKern12
3 months ago
This one: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
Reply
patmania
3 months ago
Ivan, on weekly chart there are 3 hanging man after a big uptrend. On various time frames there is negatieve divergence, etc. Various bearish indications. When we look at the past this would show us that a downtrend move is coming. +/- 100 points down. Any comment on that?
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patmania
3 months ago
Also there is a triple top. And there might be a domed house with three peaks pattern. It is perfect in line with that pattern which would indicate that we are underway to point 26 of the pattern.
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patmania
3 months ago
Last but not least. Check the pull/call ratio. It is extreme low
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IvanLabrie TOP patmania
3 months ago
Hi, these are all very mainstream signals. It's a very hated rally, but I don't think it's done rising yet. Once either of the targets on chart is hit, we could see a retracement or reversal based on the methodology i use.

If you follow these candle strategies, you can follow them and have a specific win rate, average win and average loss size and then over a period of time you can gauge how well your strategy is performing. There are many ways of making money trading so I'll say it's highly subjective in that regard. I know the methods outlined in my posts perform well historically and in my personal experience, this I base my analysis and trading and commentary on them and wouldn't hesitate on recommending and teaching them.

If you read Dr. Van Tharp's books you'll understand what I'm talking about. I highly recommend out.
Thanks for stopping by and let's keep watch on this trend, cheers!
+1 Reply
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