Low Risk entry on S&P Short Long

Direxion Daily S&P 500 Bear 3XArca

Description

⋅ Jun 9, 2019 1:37 AM

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

Comments

DACapitalTrading

⋅ Jun 9, 2019 7:19 AM

nice setup! Will be following you! Leave us a like or comment aswell mate :)