Same theme as SPY, we have an excellent long opportunity here. I like the VIX and pseudo-VIX activity today (USDMXN if you might ask), so I think we have a bottom in place here. Stop is a new low, risk 0.5% going long at market open, add to reach 1% risk on dips in the following 3 days. You may or not hedge with either a half size LABD position, or IBB puts at $255, Dec 16 expiration.
Good luck!
Ivan Labrie.
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Good progress on longs, back in profit.
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Conservative traders are in the money now.
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I didn't get any love for this one haha...anyone in?
העסקה בוטלה באופן ידני
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I'm out.
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I'm looking to reenter, within 3 days or sooner. The pullback is giving a fantastic opportunity to buy back with a hefty position.
sry i missed it 9 days ago
but as we delved in , ,, it seems smart,
but keep it on watch
G13Man
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you are nailling these
more proof u got it , bullish brake above cloud
and did not full fill H&S
unless its a complex shoulder [rare]
IvanLabrie
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@G13Man, thanks, yes, it'll probably start stalling here. We can rebuy lower, no need to stay invested. Too volatile. I hold 20% account in SPY from $210 though. Not closing that.
G13Man
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@IvanLabrie,
the 1 year is scary , the wick at the top and in cloud
then dropped back below,
funny how i looked at this earlier then u posted , so i dig deeper ,
agree wait thanks+1
IvanLabrie
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@G13Man, the cloud shows you a level that is quite good at the top. Notice that the flat portion of the red cloud to the left aligns with this top area.
You can look at each swing's highest low or lowest high in the daily. That's usually a good level. If it breaks up, that's really bullish.
I still think we can easily buy dips, just need good timing. So much easier than shorting.
but as we delved in , ,, it seems smart,
but keep it on watch