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SPXS

Looking for retest of lows next weekSPX failed to break the downtrend and was also rejected by the 20day and 9 day. I expect us to head to the lower BB again. Weekly candles also suggesting a trip to the 2370-80 area to pierce that BB. I went heavy short the market with SPXS shares and calls, TZA shares, and SPY puts. Stop if we move above 20day or TL. With oil meeting kick the can going on as expected, I don't see that happening before I'm able to scalp some good profits. Will start looking to flip to long when we pierce the lower BB on daily and weekly charts. Intraday I will keep my eye on the 15 min candles and 1 hour. For the most part they have been doing a good job of showing good entry/exits intraday. Sometimes even peeking at the 5min.
SP:SPXShort
by TradeUpCards
4
SPX recession or depression? Read!Using this helpful indicator we are able to plot past recession on the S&P index. Including the Tech bubble (dot com bubble) in 2000 and the financial crisis in 2008. Now we are in 2020 and we are struck with a worldwide virus, meanwhile disruptive technology is present (blockchain), with the goal to push for a cashless society. Will the virus be the spark that pushes us into a worldwide depression? I don’t know too much about recessions and depressions but feel free to leave a comment with your knowledge, the main thing you need to know is depressions last longer with larger unemployment rates. Will blockchain innovation literally save the world from economic collapse? Feel free to share your thoughts..
TVC:SPXShort
by Bixley
5
SPX, welcome to new recession. Dear Gamblers, I never thought I would make such statement, but I have reasons to believe that coronavirus have just triggered the new recession. Prepare yourselves, this is gonna be painful. Nobody likes to wake up from "the way overvalued market" but it is like it is. Strategy: You can choose whether to say in cash, buy bonds (preferably treasuries) or just short. Bear in mind though that shorting for long periods is expensive, be aware of the fees you will face. I will be shorting SP500 with an INVERSE ETF from 2830 that will be my entry point with stop loss at 3500. This is a risky play, for more conservative investors i would reccomend the two above. I am projecting a 3-4 year crysis. Bear in mind that will be huge, you just have to look governments debt compared to the growth. TIPS TO SURVIVE: Finish soon to pay all your debts, this will smooth the hit. Stay safe, BeniGo ***I am not your financial advisor neither I intend to be, do your own research before puting your money at risk***
SP:SPXShort
by BeniGo
2
SPXS – Bullish Banana Breakout Confirms SPY DowntrendChart Details Weekly view shows price touching 10WeekMA. (same as SPY but inverse obviously) Price cross above 10Week should confirm uptrend to gap fills. Price above aqua blue line confirms uptrend to EMA cross. Price above yellow line and look for upper gap fills. Gaps to fill up to $17 Stop $13 Target $16 Money Patterns member alerts for this trade had lowest entry price of $12.08 Opinion – SPXS has very few unfilled gaps previously. Market overextended. This has good potential to fill gaps in the next few weeks. Coronavirus fears and reality will sink in. First time in 50 years Americans are quarantined WITHOUT CHOICE when entering the country. About Me www.moneypatterns.com Options Strategies, Video Technical Analysis, Instant Alerts, Specific Options Order Entry Details, Daily Updates, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area! 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 and on www.moneypatterns.com
AMEX:SPXSLong
by MoneyPatterns
SPXS - SPY Hedge Bullish - Shakeout Before BlastoffChart Details Small pullback today. Bullish EMA cross and Bullish 10Week Cross stacked up. Very close to crossing will confirm bullish trend. Gap fills to $15/$16 conservative estimate. Weekly trend confirms bullish trend. RSI on Weekly confirms pattern breakout. Stop $12.50 Target $15 About Me www.moneypatterns.com Options Strategies, Video Technical Analysis, Instant Alerts, Specific Options Order Entry Details, Daily Updates, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area! 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 and on www.moneypatterns.com
AMEX:SPXSLong
by MoneyPatterns
3
SPXS – Hedge Against Downturn Turned BullishChart 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. About Me www.moneypatterns.com Options Strategies, Video Technical Analysis, Instant Alerts, Specific Options Order Entry Details, Daily Updates, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area! 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 and on www.moneypatterns.com
AMEX:SPXSLong
by MoneyPatterns
1