My continual belief, that the stock market is hanging on a proverbial limb, as price continues to rise day after day, to new records, all the while bearish divergences continue to grow has been well documented.
I have made the point continually advising on tradingview.com that the only way to catch a substantial market decline is to be accumulating short positions, against the trade+ and just sitting tight,... ...waiting for the break to occur.
This belief allowed me to go 50 % short, the S+P 500, using my favored trading vehicle SPXS, the 3 X Short S+P 500 ETF on the close on 5/3/19
Weekend news of a potential breakdown in US/China talks should allow short position to go into deeply the money, when market's open for trading Monday morning.
I can't believe the market didn't fallout more today! Perhaps there is more to come and this was just the ignition event? I'm inclined to think that is the case. Hope you made out a little today though my friend, ;-).-
leftey
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Good move.. I prefer the singles for the wait and see moves.
Sh, and viix are what bought end of day Friday..
But, If this becomes a real thing.. sqqq and spxs will be welcome into my portfolio as well!
Triple Short SPXS gives triple the results, for the money as I'm sure you know.
That's why I trade it, although if truth be told I too prefer SH, because it is much cleaner.