Definitely, a mix of readings on all chart time frames today. Could swing either way tomorrow. Hopefully, we get a clear bearish/bullish breakout. Daily and weekly traders are up at bat to push SPY up and out of the inside bar. I'll be playing this one tight.
Nice reversal candle at exhaustion low of broadening wedge close Friday. First three targets are in play starting Monday. This plays right into the analysis of ES/SPY.
look at the higher lows drastically raise, then again this could just be a fake out lol I've seen patterns like this a lot in the past.... n a cup in handle within a cup in handle? lets see if im right...
Huge double bottom retest of support. Lift off about to happen here. ! Let’s goo
As the 10YR Treasury yield surpasses the average dividend yield of the S&P at 1.5%, risk assets will lose their shiny appeal and become a much scarier thing to hold. As rates rise, growth companies usually don't do as well since they can't borrow money as cheaply to fuel their rapid expansions. If you look at the all-time 10yr Treasury Bill it looks like we are...
Seems to be the contrarian idea. The only positions I currently hold are 250 shares of this and 100 shares of SCO, with the SCO being a long term position.
I have charted 3 previous corrections where gains can be captured on SPXS and provided a guess as to where we might end up if you belive we are in a correction period. The first correction starting on 6/8/20, lasted 21 days and saw a 21.1% gain from the low of the correction start date to the correction end date high. The second correction started on 9/2/20 and...
I cannot stress the importance of having this must have inverse ETF in your portfolio during these uncertain times. I have lost faith in believing anything I see or hear after living through 2020. I do not trust the news, data, markets, govt, etc. after going through the biggest fuck fest of my lifetime. This year I learned everything there was to learn about my...
Dec 16 - Dec 26 major corrections across all markets. Aliens told me.
SPXS has been slowly gaining strength. The RSI is reversing from oversold territory while the OBV bounced off a support. Similar price action can be seen before the March pump. With the S&P and major tech stocks at all time high, it may be wise to get a hedge. In addition, US election limbo may lead to high volatility in the coming weeks. This is a short term...
This thing has been in a downtrend for some time. It goes the opposite way of the SPX. It’s starting to look healthy, weekly Td9 green flash just occurred. I would get into some March 2021 calls asap for 5-6$ Price is at 4.21 now could hit 4.15 tomrorow wirh a low of 4.07 but I would be getting in whenever you feel comfortable. A lot of money to be made and calls...
you can also see the positive divergence here. the next 2 weeks will be interesting.