AMEX:SH Short AMEX:SPY taking some profits here or buying some protection is a prudent idea with a earnings and the federal reserve meeting coming. Double bottom for AMEX:SH
The red bearish pattern is invalid which means it should fractal, becoming a left wing on a larger bearish pattern. The blue bullish pattern is valid so I anticipate it to push price into my upside target area. I am still bullish on the weekly chart (see related idea)
The purple Bearish union ABC is the primary bearish pattern in play where I anticipate D to complete in the upside target area. The powerful pattern is the blue bearish union ABC because it has a B extension of its XA swing which means I anticipate price to complete above B. This particular pattern is very powerful when we have such a clear B extension of XA. I...
$SH is an S&P 500 Short 1x ETF.
As my target approaches, I plan to scale into my position. I will look for it to act as support with increased volume before increasing my position further.
Short term, looking for downside as entry target is reached.
Buy SH when the Slow Stochastic Closes > 20 on the Daily Chart on High Volume.
Relative Strength on SH is 92, much stronger than most stocks at this time.
Is The US market crash coming ?
We have 3 types of “crashes”
Correction <15% downward movement in a major indicy
Bear Market <20% downward movement in a major indicy
Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on.
The fourth type is the 1919, 1929, 1999 and 2008 scenario that people...
This is now back at a Support level. I am keeping this on my radar...what is happening in the markets confuses me everyday...but here we are. This is an ETF that shorts the S&P500. Thusly, you buy it to "short"the market. Interesting instrument.
I am mentioning the level only, no confirming price action for me.
Not meant as a buy and hold forever ETF.
No...
Equities are about to burst, I am very bullish SH.
USA leadership has spectacularly fumbled the ball in responding to covid. Hot spots are developing as Trump is hellbent on reopening the economy. This will set the USA up for a massive 2nd wave this fall, unfortunately. This will ensure business remains crippled, if not completely shuttered till spring...
AMEX:SH This investment, while in conjunction with positive beta investments, is very useful. With this strategy, if it touches the RED line I buy more, if it touches the GREEN line I sell. If this drops, the market is Bullish and positive beta investments increase. If it increases, the market is bearish and providing insurance for the portfolio.
