I AM NOT IN THIS TRADE.
I am using SPXS instead of shorting/buying puts on SPY.
I will update SPXS chart momentarily.
Chart Details
SPY confirmed Sell Signal on Daily yesterday.
RSI trendline broken confirms downtrend short-term.
Filter dots also verify Bearish trend has started. We need to watch for continuation.
We should see reversion to 10WeekMA around $310 or less. Although nothing is promised.
Blue long-term support line would be good entry for long position – if we get this low.
We still have Fed "not QE" until 1/14/2020.
For those who think Fed Balance Sheet and SP500 gains are not correlated, see video below.
4mins12 secs until 6mins16secs - 2 charts showing direct correlation. youtube.com/watch?v=eTCHqTKR9eo
Entry Options
I am entered in SPXS. Please see this chart for trade entry details.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website moneypatterns.com.
Jbird7839 is MoneyPatterns - Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC.
Short term - GDX Bullish, SPXS Bullish, SMH Bearish
I am using SPXS instead of shorting/buying puts on SPY.
I will update SPXS chart momentarily.
Chart Details
SPY confirmed Sell Signal on Daily yesterday.
RSI trendline broken confirms downtrend short-term.
Filter dots also verify Bearish trend has started. We need to watch for continuation.
We should see reversion to 10WeekMA around $310 or less. Although nothing is promised.
Blue long-term support line would be good entry for long position – if we get this low.
We still have Fed "not QE" until 1/14/2020.
For those who think Fed Balance Sheet and SP500 gains are not correlated, see video below.
4mins12 secs until 6mins16secs - 2 charts showing direct correlation. youtube.com/watch?v=eTCHqTKR9eo
Entry Options
I am entered in SPXS. Please see this chart for trade entry details.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website moneypatterns.com.
Jbird7839 is MoneyPatterns - Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC.
Short term - GDX Bullish, SPXS Bullish, SMH Bearish
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.