BBUS is the inverse ETF for the SPX, available on the ASX. With a shaky looking US market, the bears look to be loading up the party bus for some wild action.
A very clean setup here which means a trade must be taken at this level, targeting the red box. If this trade plays out, the temporary relief for US equities has come to an end for now.
Note: I've used Heikin Ashi to "smooth" out the chart due to the amount of gaps using regular candlesticks.
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
A very clean setup here which means a trade must be taken at this level, targeting the red box. If this trade plays out, the temporary relief for US equities has come to an end for now.
Note: I've used Heikin Ashi to "smooth" out the chart due to the amount of gaps using regular candlesticks.
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
Trade closed manually:
Bulls crashed the party, stonk market numba keep go up.