Option traders must be nimble and quick, watch signals and pivots; short sellers might hold on thru the up waves, which will emerge at least twice during correction.
Options Caution: Don't buy OTM puts, especially first thing after opening bell!! LOL @ the spreads- I sold into the open and the puts traded that price or less all day.
Thanks for the kind words in support!
PS: Option players beware trying to run calls on the up countertrends, they snap off so fast- whipsaw in bull traps. Enjoy ur wknd!
I use Direxion's 3 X Bear ETF SPXS for all my short trades on the S+P They also have 3 X Long ETF SPXL.
I chart these at various intervals but my favorite is the 120 Min or 2 Hour Open.
Finally, I do not trade futures or options although I have in the past. My risk tolerance is not suited to these types of investments.
Your charts, and anaylsis are some of the best Ive seen, you continue to impress me, and I agree with your current evaluation of the SPX.
Fascinating I've not traded leveraged ETFs, found the link for any others interested, this looks slightly less chancy than option trading, thanks for the tip!