SPXS – Hedge Against Downturn Turned Bullish

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Chart Details
Price on Daily broke out of banana pattern.
Bullish EMA cross on Daily should occur with Daily close over $12.81
Weekly trend very close to bullish flip. When this occurs, $14 conservative price target.
10WeekMA cross around $13.50 should continue to fill gap at $15.

Opinion
We are long overdue for a pullback. Coronavirus now in 4 countries. Hong Kong on lock-down.
Gold and Silver looking bullish as well.
Next week 1/27 is going to be the biggest week of earnings. BA, AAPL, MCD, etc.
If AAPL misses earnings, there will be repercussions due to market cap of the company and being overpriced.

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