SPXS – Bullish Banana Breakout Confirms SPY Downtrend
Weekly view shows price touching 10WeekMA. (same as SPY but inverse obviously)
Price cross above 10Week should confirm uptrend to gap fills.
Price above aqua blue line confirms uptrend to cross.
Price above yellow line and look for upper gap fills.
Gaps to fill up to $17
Money Patterns member alerts for this trade had lowest entry price of $12.08
Opinion – SPXS has very few unfilled gaps previously. Market overextended. This has good potential to fill gaps in the next few weeks.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts and on https://www.moneypatterns.com