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ChristopherCarrollSmith
Jun 25, 2019 8:00 PM

S&P 500 1-day short 

Direxion Daily S&P 500 Bear 3XArca

Description

According to the Stock Trader's Almanac, today and tomorrow are "bear" days, when the S&P 500 has historically fallen more than 60% of the time.

Given how many stocks I've seen fall below supports and trendlines today, I can well believe that the indices will fall again tomorrow. I've taken a small position in the SPXS, a leveraged fund that delivers 3x the inverse of the S&P 500. I will sell tomorrow at the end of the day.

Comment

Whoops! I actually got this completely wrong. I was thinking today was Monday, but it's actually Tuesday and tomorrow is a recovery day based on historical patterns!
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