This is my way of getting a price range on spxu using gann fan if you follow all my ideas, you'll see im a bear market for the last 2 years im doing this for fun and get experience i usually check 3m 15m 4m and weekly montly to make sure im not a idiot RSI is oversold and hasn't been to 70 for a while spxu is harder to read but rsi is the key
Notice how in September this reached 50 bucks, but in October although market sold harder it got to 47?
At peak in corona crash it went over 200... but it will not get back to those prices, even if the market tanked again, because it's not a stock!
Good ideas on inverse etfs, but trade with caution please these are not buy-to-hold investments, they suffer severe time decay.
Decay follows approximately the 4:1 line so the tip of arrow as shown is a likely top target ~$36, good job on chart, ty for post!
Have a look at this chart on UVXY, note the starting price of 1.5m is not a typo, it has exponentially decayed since inception:
At peak in corona crash it went over 200... but it will not get back to those prices, even if the market tanked again, because it's not a stock!
Good ideas on inverse etfs, but trade with caution please these are not buy-to-hold investments, they suffer severe time decay.
Decay follows approximately the 4:1 line so the tip of arrow as shown is a likely top target ~$36, good job on chart, ty for post!
Have a look at this chart on UVXY, note the starting price of 1.5m is not a typo, it has exponentially decayed since inception: