The IEP (Ichan Enterprises) active long swing trade has hit the first price target (T1) for a quick 8% profit. Consider booking partial of full profits and/or raising stops, according to your trading plan.
With IEF (10-yr Treasury bond ETF) still solidly within the YELLOW ZONE, any decent rallies in the stock market, especially into resistance, offer objective entries or add-ons to a short on the stock indices (such as the one right now). Of course, a more powerful swing/trend short signal is still pending a solid break and/or close below the uptrend line off the October lows (on both SPY & QQQ) as well as yesterday’s lows on META & AMZN, as per yesterday’s video.
SLV (silver ETF or /SI, silver futures) offers an objective add-on, entry, or re-entry (for those that booked profits on the recent tag of the 20.82 price target) here off the key 20ish support level/bottom of scale in zone. Previous (Feb 8th) & updated 60-mintue charts below.