Monthly Dip on SPX?
Hey everyone! I’ve been watching SPX to swing trade UVXY over the last couple of weeks, and I’ve noticed an interesting trend occurring. About around the first third of every month, we’ll hit the top trend line and bounce down to the bottom line. So far it’s proven to be accurate with surprising regularity, starting in about mid-June
Should we begin to bounce off the bottom trend line in the next few days, feel free to ride SPX up, and then keep your eyes peeled in October for a good opportunity to short, or, as I would recommend, buy UVXY!
Happy trades!
Should we begin to bounce off the bottom trend line in the next few days, feel free to ride SPX up, and then keep your eyes peeled in October for a good opportunity to short, or, as I would recommend, buy UVXY!
Happy trades!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.