ProfitHarvest
Short

[SPX] Like a Helpless Bug Stuck in My Web... 1W Till Big Move!

SPCFD:SPX   S&P 500 Index
The Tholian Web needed an update.

Based on this we'll probably hang around in No Man's Land most or all next week.

Passing through the next red line or diagonal green line will likely trigger a crash below the green horizontal line, which will likely trigger the broader market crash going into mid-August. Only a matter of time here.

Prune your crops for some extra profits, get your short bets in place and prepare for a bountiful harvest! B)

Comments

mid August , agree
+2 Reply
Do you like something like UVXY as a vehicle to play the short side?
+1 Reply
@SunnyG18, as one option, HIBS is crazy-sensitive to either market direction, but I have little experience with it.
+1 Reply
ProfitHarvest davidismyname
@davidismyname, ah, interesting tip, thanks. Seems similar to FAZ.
Reply
@SunnyG18, TVIX (RIP) was the best. UVXY and FAZ 80/20 are 90% of my short bet.
Reply
davidismyname ProfitHarvest
@ProfitHarvest, still feeling your pain over the TVIX debacle.
+1 Reply
ProfitHarvest davidismyname
@davidismyname, the biggest pain was my month of daily TVIX analysis going up in smoke.
Reply
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