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Direxion Daily S&P 500 Bear 3x Shares
Short
Updated

short the C leg of the bullish cypher

336
there is also a rising wedge into a trend line resistances. The B leg of the previous bearish cypher acted as inital bounce area, as a result I see a future spy rally set up into the close today. This can also push SPY for $400+ $4080 SPX
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time to start buying
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long the 3x bearish etf (just want to be clear, since folks are asking)
Note
this is the bullish reason if the AD breaches the 200 moving avg, this goes to 407 fast snapshot
moneyflow_trader
Chart PatternsHarmonic PatternsS&P 500 (SPX500)US SPX 500SPDR S&P 500 ETF (SPY) spylongTrend Analysis

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Chart PatternsHarmonic PatternsS&P 500 (SPX500)US SPX 500SPDR S&P 500 ETF (SPY) spylongTrend Analysis
moneyflow_trader

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.