Trading active in SPXS. Entry at $13.10 or less is great entry for 1 month hold max.
Trade Entry I recommend using Dollar Cost Averaging to scatter orders under the $13.10 mark.
Chart Details SPXS fractal holding from previous chart. Fractal shows we will have few days chop sideways before pattern breakout. Last fractal did not fill pattern, so I expect we do not get down into the $12.75 area. Many gaps to fill going up to $17. Price break of 13.66 confirms EMA bullish cross. Price break of $14.31 confirms SPY should start pullback/correction.
About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term.
Look at time period RSI for bullish divergence.
The quality of the immediate rally in the S+P this week,
could have bullet holes shot thru it..at any sign of retribution by Iran.
MoneyPatterns
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@The_Unwind, Totally agree! This is paper boat market.
It may float and look like a boat, but not something you want to sit in long or have in rough seas.
Watching RSI too. RSI at 80 for weeks is normal now.
The only other thing I know with constant growth, no pullback, is cancer tumors. NOT GOOD.
This helps build my patience as well. :)
Look at time period RSI for bullish divergence.
The quality of the immediate rally in the S+P this week,
could have bullet holes shot thru it..at any sign of retribution by Iran.