I am using SPXS instead of shorting/buying puts on SPY .
I will update SPXS chart momentarily.
SPY confirmed Sell Signal on Daily yesterday.
broken confirms downtrend short-term.
Filter dots also verify 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 and SP500 gains are not correlated, see video below.
4mins12 secs until 6mins16secs - 2 charts showing direct correlation. https://www.youtube.com/watch?v=eTCHqTKR...
I am entered in SPXS . Please see this chart for trade entry details.
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 https://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 , SPXS , SMH
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Have fun with your life ....Go find Tall /watch?v=qW0UP9DOCkQ#
Thanks for your kind comments.
Hope you have a prosperous and profitable New Year.