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. youtube.com/watch?v=eTCHqTKR9eo
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 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
@TYKANYEVRYCOOL,
YOU -> TROLL - Definition - 1.make a deliberately offensive or provocative online post with the aim of upsetting someone or eliciting an angry response from them.
google.com/search?client=firefox-b-1-d&q=troll+definition Have fun with your life ....Go find Tall https://Man....https://www.youtube.com/watch?v=qW0UP9DOCkQ
Interesting, my response was always deleted by the system. Didn't use any bad terms but saying that I'm looking forward to a deeper decline after Jan 14th and the 15th, when US said Phase One is likely to be signed.
Happy New Year and wish you all the best :)
MoneyPatterns
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@piscitear, It would not let me reply to your comment the other day. LOL
Thanks for your kind comments.
Hope you have a prosperous and profitable New Year.
YOU -> TROLL - Definition - 1.make a deliberately offensive or provocative online post with the aim of upsetting someone or eliciting an angry response from them.
google.com/search?client=firefox-b-1-d&q=troll+definition
Have fun with your life ....Go find Tall https://Man....https://www.youtube.com/watch?v=qW0UP9DOCkQ