SSO Waiting For New Color To Confirm Direction Color Magenta Number 4
SSO Swing Down Lower Lows Color Blue Number 5
SSO Sideways After Swing Down Color Blue Number 4
$SDS $SSO #SP500
Trajectory lines haven't changed with tons of support #SP500
Opposite of Pundits. US vs Everybody $SSO $SDS $SPXS $SPXL
I am a bear at heart, but I perceive that a strong buying interest is afoot with the SPX500 tonight. Why the interest? Seems to imply that certain NFP knowledge is "out there" or strongly speculated.. Just my opinion, and not a recommendation to buy or sell. I am not trading indices at this time, I'm only long metals and miners... I feel that SPX500 rips up...
Be prepared for anything.....Markets can go lower and extend faster than most people think. "25" may bring a short term bounce if it gets there. Only follow "The Language of Price". It is all that matters.
SDS or SSO strangles could pay-out in this situation.
A new technique to analyze bullish/bearish ETF sentiment based on divergence of leveraged-ETF comparisons?
Posting for other technical chartists' input. Which ETF has more potential compared to the others? As an options trader, I only play SSO. However, SDS has quite a lot of rebound potential during a collapse. The real efficacy of this chart is lost w/o comparative volumes (b/c) positive-multiplied-leveraged ETF's over-excel during up markets of the underlying,...