Just noticed this. Could be something to keep an eye on. I'm net short on the DJI & S&P right now.
Wave 4 correction appears to be complete. Got a little help from Todd Gordon, Elliott wave analyst/trader. Check him out!
Getting ready for the floor to fall out from under our extended bull market. This is gonna be a great place to chill and gain from the losses in the S&P 500 index. I expect the S&P could lose up to 20-30%, which would also put us over the needed 20% for a bear market to ensue. ABC correction is beginning here after this wave 5. Buying in @ $40-41
Looking to have found a possible bottom or top depending on how you view this. SDS looks to capatilize on a bearish market. Seems a safe hedge given current S&P conditions.
How strong is your Trader Mentality? Signs of an "Amateur Mindset" If you identify with any of these characteristics while trading, you are suffering from an Amateur Mindset. These are normal when first learning how to trade, and even common in advanced traders who have not yet mastered their trading psychology. Very succesful traders may still occasionally...
SDS Waiting For New Color To Confirm Direction Color Blue Number 4
SDS Making New Lows Color Blue Number 5
SDS Waiting For New Color & Number Color Green Number None
SDS Stocastics Overbought Color Magenta Number 7
SDS Sideways After Swing Up Color Magenta Number 5
When shorting VXX you often are trying to profit on decay, independent of small price swings. Pairing each shorted VXX share with 2 shares of SDS (Short SPY, leveraged) produces a position that is short on the volatility (short VXX) but partially hedged for price movements. WARNING: a short VXX position exposes you to VXX spikes that can result in portfolio...
Sentiment has reached 95% bullish. Sentimenttiming.com has had the February 5th-9th time period as a otential turn lower. The low date will be withheld for members only--but shorting this rally using sds is a good trade set up. Layer in 1 block here and if sds heads to support 2-layer in 2nd 1/2-is my trading plan. Expecting a push back up to the December...
ProShares UltraShort S&P500 seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P 500 This is too artificial for me to believe in.. price of SDS gaps down to channel support. As the price retreated from the channel top, so as the volume. Is this the characteristic of...
Although there're bullish divergent in bigger timeframe , there're bearish divergent here, show that's not a time to turn-around yet. But there's a big cloud ahead, my opinion is hard to go down through. Also alligator is eating now so don't mess with him. So wait and see