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
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
MoneyPatterns
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@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!
CryptoPaily
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Massive QE going on. Trying to keep the S&P pumping.
One-World
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insanity, no corrections. The world is using dollars so let all countries take the devaluation together, GG...
BobbyBanksX
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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.
stockSMASH
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nice review. OP EX fri.. Will they squeeze the lemon juice
BobbyBanksX
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Previous bananas are around 2 months. Current banana in play is over 3 months... Come on! Say it with me... Fed manipulation.
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