the 3x bear etf , has a bearish waterfall set up w/ a close below $14.80.. Thats 10 cents from current price action of 14.90, think about that for a second.. sp500 goes parabolic if the bears gives this up . If you're bullish, you want to see this capitulate
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bear flag, after constant bear flag
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ascending Triangle showing $440
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if you're bearish on the market, you want price action to close above the gap, and they couldn't do that today. bulls continue to move forwd
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The Apex of the Triangle should be well closed by Friday June 16th 2023.. and im likely taking profits rolling them into an Oil Trade.. Looking to short some 2x-3x Oil Bear ETFS
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honestly it just feels safer over here shorting this 3x bear etf than back and forth trading AMEX:SPY etf, the vix and all the other noise in the market.. Im not betting against America and the USA housing market just yet. If you're short the market, thats what you're pretty much doing . Nice rebound for the lows..
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4hr chart shows stoch rsi below the cloud and oversold on the sp500 futures... and the sp500 3x bear etf is steadily declining to that apex I mentioned...
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the apex is around 14.37, also the stoch shows oversold and is below the cloud so keep that in mind.. we need a strong pump from the spx500 futures today which I do see happening... and Im looking to take profits on this short later today or early premarket tomorrow... will keep you posted
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AMEX:SPY etf 4hr stoch rsi, is purely short covering ... thats why you see the divergence between the spx500 futures and the etf
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massive short covering on the spx500 futures and we're approaching a spike level here for the index, AMEX:SPXS should drop more here at this level... My Puts at $14.50 printing
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Support now acting as resistances... $14.60 will be a tough close for the bears..
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AMEX:SPY etf 15min time frame, I need to see the green level support cross over the spike level to send this $440, which will push AMEX:SPXS down even further
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also on the sp500 futures 30min chart there is another spike level thats about to be cross by my the moving avg's, we go higher.. this is a parabolic squeeze
Trade closed: target reached
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target reached taking profits here
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you know whats funny, and weird. There's a direct correlation to both oil and the sp500.. In fact the AMEX:SPXS and AMEX:DRIP bear etfs are pretty much identically priced. Im bullish on both the sp500 and oil... if you're are also you can short both bear etfs at the same time.. kind of a neat trade. put that in the back of your mind.
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puts active, using any pop to get another short. sp500 futures will pop again this morning.. look at this chart
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$11 price target... after it hits $11, thats where i'm concerned, and likely put on the Bear suit..
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raise the target to 4900 bull flag/ascending triangle by the AD on the sp500 futures
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sp500 futures looking bullish on the 1hr.. a lil dip possibly to test previous resistances level as support.. notice the desc. triangle breakout set up bottom of the chart
Wow! You have some magic! I really appreciate your posts! Once again you nailed it! I don’t know why I ever listen to the news. I guess I need to learn to turn my phone off and ignore the noise. Thank you so much!
@Dr_JJA, on the way to 4900 raise the target to 4900 bull flag/ascending triangle by the AD on the sp500 futures
andersonjoshdc
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@moneyflow_trader, thank you! I saw your update last week and followed your trade! Buying dips next week also! 92% long 8%cash atm. It’s been a great last two months. Thank you again for your posts.
CEO_444
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Start a YouTube god damn it ! I’ll help you 😂
moneyflow_trader
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@suprem3cy, lol, I will never do that not even a discord.