SPXU INVERSE ETF TRADING IDEA FOR FOMC MEETING 3/16/22This is my trading strategy for March 16th, 2022 on the next FOMC meeting. Using inverse 3 x etf is like doing options without options. They track opposite of whatever it is they track. In this case the SPXU does the exact opposite of the SPY S&P 500 ETF .. The spy tracks the S&P 500 markets.
So I'm setting up a position on morning opening day of March 16th, Wednesday with $6,660 position anticipating a 5-8% return x 3x since the SPXU is a 3 x inverse..
Be very careful using 3x inverse or any inverse etf . YOU HAVE TO WATCH THEM LIKE A HAWK. They are not meant for long term or swing trade. They are for 1 day intra day only and can be very dangerous if you don't use them properly. They can also make you quick FAST money , BUT YOU CAN ALSO LOOSE ALL YOUR MONEY IN 1 DAY, if you DON'T KNOW what you are doing..
This is what I am doing. I am not giving trading advice. I simply share some of my trading ideas here...
PS.Disclaimer
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,( Technical Analysis ) site are for informational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, post or newsletter.
Etfs
spx getting to oversold (SPXL)we are in technical conditions of a selloff and risk averse activity is driving the market. defensive sectors are even doing poorly. there is no reason to think price action will turn around here, vut the price doesnt go anywhere in a straight line. at least one last trip up to mid or upper 95s is a valid target.
you guessed it: overbought vix (UVXY)this thing has pumped all day and is getting tired. UVXY is overbought on the 15 minute timeframe and is taking on the appearence of a pullback on the one minute where qqe is trying to punch in a short entry. could there be more to go bullishly? of course. why bother trying to squeeze more out of it long when you know lower prices soon are all but guaranteed?
high to mid 19s are a target.
probable tightening range (SPXL)given the amount of retracement if we stay over 97 and attract volume setting and confirmin this as a higher low around the .5 its likely we enter a tightening range going for a touch of vwma and then setting a lower high. id like to close that day around the highs for a bull daily case. horizontals are valid targets.
range should tighten for 5g stocks (FIVG)weve retraced about to the .5 and if we see a bounce here a tightening range is the most likely scenario which is my bias long here according to qqe, rsi
this is really simple; oversold bounce (ARKK)i dont think i need to spell it out for people when i say this is oversold, and should bounce. yes this thing really collapses when the market takes an unexpected turn down, but then it makes very predictable reversals. we should hit that vwma. whether it is resistance or not we shall find out.
two paths for nasdaq futures (TQQQ)in reality the tech boom is to blame for this correction. if we werent in such business with the market weight we are currently there wouldnt be a need for the drawdown in buying that we are. this could obviously co tinue, but my bias is still long after the current contraction and retracement. divergence from vwma, rsi and qqe signals strategies are long, and i have to say that the weekend looks promising as long as we stay away from negative headlines. the conflict is mostly priced in and xlv, xle, xli, utsl having a good day in relation to the rest of the market moving down shows healthy rotation, and does not spell a crash. defensive sector stock will accumulate and prices in tech will move up.
two paths for volatility (UVXY)theres a really bullish sentiment playing out on the daily, but technical indications are that we sell off a little in vix. ive circled the type of cross i want to see, and highlighted what could gappen if we dont complete the bearish pattern.
over $23 or under 16 in 1 week
PXJ LONGAMEX:PXJ
The Invesco Dynamic Oil & Gas Services ETF (Fund) is based on the Dynamic Oil Services Intellidex℠ Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Index is composed of stocks of 30 U.S. companies that assist in the production, processing and distribution of oil and gas. The Index may include companies that are engaged in the drilling of oil and gas wells; manufacturing oil and gas field machinery and equipment; or providing services to the oil and gas industry, such as well analysis, platform and pipeline engineering and construction, logistics and transportation services, oil and gas well emergency management and geophysical data acquisition and processing. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Guaranteed money (UVXY)If we break to new highs it's almost a guarantee that, provided we are hitting new lows in multiple important sectors like tickers xlf, qqq, spy, we take this over 19. The only real guarantee is that whatever high we hit in UVXY we are seeing lower prices soon. low 14s is where I'm drawing these hypothetical puts expiring a me to.e early March. This is based on the simple fact that indices didn't hold their lows, and there are really two scenarios that can play out: we set some lower low as support and bounce, or we continue lower. If we go lower there's really no support. If we bounce there's really very little resistance. Low availability of shares means we're not headed sideways.
This is the bullish picture for uvxy:
This is the bearish picture:
The forecasts show my limits of how far I would long or short based on a bull/bear move from current levels. The ghost feed is just one solution to how they could both hit. If you get the right signals UVXY is guaranteed money.
Bearish momentum should stay (TQQQ)Rsi needs to bullishly diverge further, so the drop in price should be larger. There's really little room to judge this as a lower low that could hold. Around 40 is an area that might induce bullish activity. I wouldn't look for a long entry right now, but there will be one eventually. This is damage that will last up to the monthly.
Vwma has turned down, and qqe is still short.
this is big (TQQQ)i see a full recovery if broader market bulls can continue this turn around. should we find ourselves in a position where melt up is taking place, i think we have no choice but to go with that. the daily picture is shaping up in bulls favor, but the smart thing to do is wait for confirmation of the trend change.
fiveg stocks set to turn around once again (FIVG)five g stocks benefit from the creation of fiveg lines. the sale of fiveg capable phones shouldnt drop, so id imagine additional 5g lines are going to be opened. this inflation and rate hike sentiment will get priced in, and we should see a bounce from technical levels.
cybersec stocks set to confirm eventual reversal (CIBR)cyber security stocks are like an insurance premium on data centers. the more sensitive the data, the more is paid in general securing it. this etf will do really well when tech is booming. tech should return soon, so cybersec sgould return soon. rsi is about to meet signal for the first time in more than a week. anchored vwap is flattening above price. qqe is long.
overbought vix (UVXY)i wouldnt want to be holding this thing long right now. were at 84 rsi hourly and a pullback from these levels seems like its in the works.
mid to high 15s is the target. even if we gap up and blast to the upside, i dont think were really in hot water unless spx breaks to new lows, and it doesnt seem like thats going to happen.
seems a lot like volatility has returned as the norm (SPXL)theres a chance that getting back to all time highs may take a lonh time, and when we get there we may be heading into another drop. if volatility has returned as the new norm there is a lot of evidence to suggest that we wont see a stronger market than 2021 until at least 2023. should we make a second break to the downside whether it is sooner or later a touch of vwma monthly is not unthinkable.