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.
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Trade closed manually
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Bulls crashed the party, stonk market numba keep go up.
@lokpe1234, did you make an account just to say that? i'm flattered
lokpe1234
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@AndyTheKing, no why would you assume that? You must be the king of getting things wrong
Cryptonite_trader
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@lokpe1234, lol coming from a pleb who doesn't know how to risk manage and is looking for someone to blame for his screw up. Good one buddy, way to fit the stereotypical noob trader.