Wheres the bear gang at. Feeling the market is overdue for a correction? here's your chance to buy cheap ass spxs. 3x short etf.
Strictly looking at chart. Trend still down. Last line of defense is where you buy and most likely get one profit target out. EASSSSYYYYY stop loss. R/R over 9
Looking at the Fed pumping money into market however unemployment at ATH. This shouldnt last. Expecting a reversal as markets start to erode due to US economy on its death bed due to #stayathome orders.
I utilize the weekly data to calculate the Volume Weighted high, and the Volume Weighted low. Then I use these figures independently to calculate the standard deviations. I'm experimenting with this method and theorizing it has multiple facets of usefulness. Of course identifying support and resistance areas is a benefit, but also seeing the variation in the SD's...