AMEX:SPXS   DIREXION SHARES ETF TRUST DIREXION DAILY S&P 500 BEAR 3X USD DIS
Trade Entry
Anything at $12.80 or below is a great entry price as hedge.
I am putting some wishful orders in the $12.34 area and below just in case.

Chart Details
Banana pattern almost at end. I think the last Daily Bullish candle gave us a better contact point with $12.59 low.
The current downtrend without significant uptrend has occurred over 3 months. Overdue.
Gaps to fill up to $17.40.
Bullish EMA Cross and price crossing 10WeekMA will confirm uptrend.

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.
Disclosure - I am long BTCUSD , GBTC . Short term GDX Bullish , SPXS Bullish , MCD Bullish
Comment: Repos Just Extended
1/15 thru 2/13/2020
https://www.newyorkfed.org/markets/domes...

Guess we will keep doing the same thing, expecting a different result (print more money) - definition of insanity

And that China Trade Deal....details are NOT going to be released. Why???

Comments

SPXS wish number for me would be big round 12.50
It fits nicely at the bottom of the pattern on the Weekly Bar

Anything below 12.50 STOP in SPXS,
could give credence to a new, sharp upside continuation move, in the SPX
+1 Reply
MoneyPatterns The_Unwind
@The_Unwind, Yes. I am still holding with a small 3% loss. In retrospect, this is nothing.

SPXS looks to fill all gaps. This is a good test in patience and building emotional stability/patience when trades are not working for you, but not against you either.

ALWAYS appreciate your comments and words of wisdom brother!
Reply
Massive QE going on. Trying to keep the S&P pumping.
Reply
insanity, no corrections. The world is using dollars so let all countries take the devaluation together, GG...
Reply
The kicker with the latest repo schedule is that it's going to be

AT LEAST

$120B.

What kind of definitive statement is that from the world's largest central bank?? So... could this next month be half a trillion, perhaps? A whole, cool trillion?

We shall see.
Reply
nice review. OP EX fri.. Will they squeeze the lemon juice
Reply
Previous bananas are around 2 months. Current banana in play is over 3 months... Come on! Say it with me... Fed manipulation.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out