In this case, and seeing FX today, I think we'll see a great buying opportunity in the index here. I'll time my entry and go long $SPY if viable. Most people would expect a drop, but trends go for longer than people expect. Let's wait and see, if we don't hit the 2221.5 handle within 3 days, we could expect bulls to step in.
Good luck,
Ivan Labrie.
Good luck,
Ivan Labrie.
Comment:
Comment:
Acting strong.
Acting strong.
Comment:
How about that eh?
Looks like it's ready to break out and go higher, possibly to 2500.
Looks like it's ready to break out and go higher, possibly to 2500.
Trade closed manually:
Either close or trail stops higher. I think we might see some kind of retracement or sideways action next. I'm still thinking dips are a buy, but better be careful going into the 20th.
Comment:
Sideways action it was. If we get a breakout today, we can rejoin longs here.
