I AM NOT IN THIS TRADE.
I am using SPXS instead of shorting/buying puts on SPY.
I will update SPXS chart momentarily.
Chart Details
SPY confirmed Sell Signal on Daily yesterday.
RSI trendline broken confirms downtrend short-term.
Filter dots also verify Bearish trend has started. We need to watch for continuation.
We should see reversion to 10WeekMA around $310 or less. Although nothing is promised.
Blue long-term support line would be good entry for long position – if we get this low.
We still have Fed "not QE" until 1/14/2020.
For those who think Fed Balance Sheet and SP500 gains are not correlated, see video below.
4mins12 secs until 6mins16secs - 2 charts showing direct correlation. www.youtube.com/watch?v=eTCHqTKR...
Entry Options
I am entered in SPXS. Please see this chart for trade entry details.
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.
I am transitioning to my new website www.moneypatterns.com.
Jbird7839 is MoneyPatterns - Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC.
Short term - GDX Bullish, SPXS Bullish, SMH Bearish
I am using SPXS instead of shorting/buying puts on SPY.
I will update SPXS chart momentarily.
Chart Details
SPY confirmed Sell Signal on Daily yesterday.
RSI trendline broken confirms downtrend short-term.
Filter dots also verify Bearish trend has started. We need to watch for continuation.
We should see reversion to 10WeekMA around $310 or less. Although nothing is promised.
Blue long-term support line would be good entry for long position – if we get this low.
We still have Fed "not QE" until 1/14/2020.
For those who think Fed Balance Sheet and SP500 gains are not correlated, see video below.
4mins12 secs until 6mins16secs - 2 charts showing direct correlation. www.youtube.com/watch?v=eTCHqTKR...
Entry Options
I am entered in SPXS. Please see this chart for trade entry details.
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.
I am transitioning to my new website www.moneypatterns.com.
Jbird7839 is MoneyPatterns - Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC.
Short term - GDX Bullish, SPXS Bullish, SMH Bearish