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chaddg

Low Risk entry on S&P Short

Long
Direxion Daily S&P 500 Bear 3X (AMEX:SPXS)  
chaddg  
AMEX:SPXS   Direxion Daily S&P 500 Bear 3X
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
S&P Looking to retest highs. This will be the third attempted breakout above 3000. If it fails, I feel there's enough negative news to push stocks much lower.

  • May Jobs Report continues to disappoint (+75,000 jobs)
  • Continued trade wars intensify
  • Market hopeful of Fed Rate cut in July
  • Bond market pricing in 3 rate cuts in 2019
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