So right at EOD today the SPY pulled above the resistance line we have been watching for a few weeks. The green arrow represents my expectations. Since we closed above the resistance I'm expecting it to act as support. The yellow lines represent other possible situations you should watch for.
Thanks! Good luck!
SL was a little too tight. In reality SHort is still in play. SLs can't be moved on TradingView.
TP was hit at 121.423
I like the Tweezer Tops on H4.
The pair is currently trading below the 200,100 and 50 SMA. They are now dyniamic levels of Resistance.
H1 has a number of rejection candlesticks off 122.900 (current...
TSX HSU S&P500 2X BULL ETF
Closed my long position from 8 days ago with 3.88% gain
I'm not holding out hope that we will retest the May 21st high anytime soon.
I see more ranging ahead or even the long anticipated 20% correction before end of summer.
I'm now on the lookout for a short entry point using HSD.TO 2X Bear ETF.
S&P 500 Three Drivers Short Strategy for 3% Correction by June 9
Assuming a retest of the 2061.9 low from May 7.
Optimal short entry targets around 2121, 2106, and 2092.
Take profit on each drive down, reopen short on minor retrace up.