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SPXU

SPY has bullish bias after a day downtrending LONGSPY on the 15 -minute chart is shown to be in a megaphone or broadening wedge pattern since March 5th. Price is now at the lower support ascending support trend line. The Gaussing regression line forecast indicator an example of predictive modeling confirms with a prediction that price will trend up inside the pattern and head toward the upper resistance trendline. The mass index appropriately has signaled a reversal with a signal line that topped 32 and then fell below the trigger. I found two long bottoming wicks in the prior two days at nearly the same bottom level. The line /ray connecting them comes to a value of 512.75 which becomes my immediate-term target. I will enter a trade of shares along with call options. The call options are for a next-day expiration striking 513 ( OTM just a little). TEXT BOX correction: The regression line forecast by Luxalgo's algorithm suggests a reversal and trend up into the ascending resistance.
AMEX:SPYLong
by AwesomeAvani
1
Does SPY want a correction? Maybe not but it will get one.SPY has had a good run this spring. However, things are changing. Just this week, the debt \ ceiling got raised. The fed will be auctioning large amounts of treasuries to pay bills. This is money that will not go into the equities markets. Buying volume on a dollar basis will likely go down as a consequence. On the daily chart with a double Bollinger Band setup, SPY is more overbought than ever. The part of the body of the last candle of this past week went outside of both the inner and outer bands. Looking back this has not occurred in well over a year. Candle wicks did go outside the bands in late October 22 and mid-December 22. On lower time-frames SPY has already pulled back into the Bollinger Bands and begun a reversal. I believe that many traders will take their profits off the table and take another look at bonds and treasuries. ETFs like TLT and TMF may see significant inflows no matter for stocks in general may not. I see this as a SPY pullback or correction upcoming for which to take a short trade. I will look at SPY and QQQ put options with very short DTEs as well as call options on SQQQ. For stock purchases, I might go with the ETFs SPXS and SPXU. The simple and basic analysis is their chart shows price candles partially below the lower Bollinger Bands, the inverse of the SPY. They are oversold and accordingly available for purchase at a discount.
AMEX:SPYShort
by AwesomeAvani
Using Put options in SPXU to trade the SPXDisclaimer All TRADING involves high risk and YOU can LOSE a substantial amount of money, no matter what method you use. All trading involves high risk; past performance is not necessarily indicative of future results. For Educational Use Only – Not To Be Utilized As Trading Advice Strategy ----------- SPXU is inversely correlated to the SPX. Trade SPXU weekly put options for cheaper premiums and expecting a larger move. Purchase the weekly SPXU put options contract to trade upside in SPX. (A short term trading strategy to reduce capital outlay) Use Level 2 Tape Reading to see the supply/demand of the market, including the Pros ----- Less capital outlay so much more efficient There is a tracking error in the SPXU which can help in getting a better price into the put option (the option pricing will change based on the buyers and sellers in the options market). This can help in time delay for trade setup before the move comes into the SPXU instrument. SPXU provides (-3x) exposure to a market-cap weighted index of 500 large- and mid-cap US companies selected by the S&P Committee. This -3x exposure can help speed up the change in price of the underlying, which can help move faster towards breakeven and above into profitability in the options contract. Cons ------ Options have an expiry date so some timing does come into question. There could be a change in the negative correlation between SPXU and SPX due to tracking error. The trade does not move enough in the direction of the put in SPXU over and above the breakeven that the premium Premium decay in the option for short-term options which can result in Theta decay. Put options tend to move slower (shorter deltas) than call options (larger deltas). Summary ------------ This strategy is only meant for reducing the capital required to get exposure to the SPX via leveraged instrument such as option.
AMEX:SPXUEducation
by ashpat86
S&P to hit new low mid-January 2023My first idea, comment if you think I'm onto something or if you think I'm dead wrong. Since the S&P500 high in January 2022, RSI-50 began fluctuating between low 40s and high 50s. Each RSI-50 interval takes 70-80 bars. Each low and high can be associated with a strong rally or strong drop in the S&P price in the days following the RSI peak/valley. So far, this pattern has occurred twice. Should this pattern continue, I expect the S&P500 rally to continue and reach a local maximum around 4090 in late November or early December. Also at that time, the RSI-50 will be in the low-to-mid 50s, also a local maximum. Then, I expect a drop over the next 45 days where the S&P will lose 17% and hit 3390. RSI-50 will drop to 40 but may continue to decline, along with the S&P price. I expect the S&P to hit 3390 on Friday, January 13, 2023....Friday the 13th, mind you. If I decide to move forward with taking a position, I will enter when RSI-50 hits 52 and put a trailing stop loss in once RSI-50 hits 43. That way if a rally follows, I can keep most of the gains, but can also keep riding should the price continue to decline. I am looking at buying SH, SDS, and/or SPXU when the time comes. This idea is not investment advice. Good luck.
SP:SPXShort
by FaultyCarbon
10
Are you bullish on Short ETFs? $SQQQ $SPXUWhat do you see when looking aty these charts? I see higher highs and higher lows. The NASDAQ:SQQQ broke a short-term trendline to the upside and then, the AMEX:SPXU followed. Now the next test is the last week's high, which it seems that it will break today. If it does, the next resistance is at the June highs. Thats +34% for SQQQ and +25% for SPXU, it could be a really good swing trade. You could also say that both ETFs are making a head & shoulders but until the neckline is broken is not a head & shoulders.
AMEX:SPXU
by dpuleo19
1
Market Recap and Current MovementsI stream every market day at 9:15 EST. 15 minutes before the us stock market opens. Come join us. I usually stream for 4-7 hours every day and will answer any market related questions that I can. This is a 20 minute video, but I talk fast. There is a lot to cover, but it is worth listening to. This goes over more than just Nasdaq, but Nasdaq is the core of the movement having a potential gain of 6.5% from its current location before facing great resistance. If you watch the video you will understand why I do not only look at nasdaq to look for movement on the nasdaq or for the overall market direction. I go over USD/JPY, NDQ, APPL, SPY, and VIX mainly. I mention oil at the end, but to save you the trouble, there seems to be a possibly huge move incoming at ~$80 You can check the linked ideas below to get a more in depth view of how we got to here, but I think the video wraps it up well. Top pick for Forex is still UDSJPY, though there may be a pull back based on current bullishness in the stock markets affecting the DXY.
TVC:NDQ
by TrendLINEBoys
S&P500 ProShares UntraPro Short OpportunityS&P 500 has had a tough go in Q1 2022 and looks to continue it's correction given the broader macro-environment and economic headwinds. Upside opportunity if a market correction similar to the black swan event in March of 2020 would be greater than 1,000%... even a smaller correction as the Fed tightens in the short-term has potential to deliver phenomenal gains. Looking at OBV and moving averages, the downside to SPXU is quite manageable relative to the upside. Because this is an inverse relationship to the S&P, it's shorting the S&P but it is LONGING $SPXU.
AMEX:SPXULong
by R0MM3LL
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.
AMEX:SPYShort
by CryptoBuzzAnalyst
If you like Sushi you need to read this!Betting against the market has increased significantly! In the past 2-4 weeks the volume of the 4 inverse ETFs has increased significantly (+2x)! This means lower prices are more likely! What could happen in the next 3 weeks if prices pass the Red lines? Market Reversals and the Sushi Roll Technique: In his book "The Logical Trader," Mark Fisher discusses techniques for identifying potential market tops and bottoms. Capturing trending movements in a stock or other type of asset can be lucrative. However, getting caught in a reversal is what most traders who pursue trendings stock fear. A reversal is anytime the trend direction of a stock or other type of asset changes. Being able to spot the potential of a reversal signals to a trader that they should consider exiting their trade when conditions no longer look favorable. Reversal signals can also be used to trigger new trades, since the reversal may cause a new trend to start. One technique that Fisher discusses is called the "sushi roll." While it has nothing to do with food..! The "sushi roll" is a technical pattern that can be used as an early warning system to identify potential changes in the market direction of a stock. When the sushi roll pattern emerges in a downtrend, it alerts traders to a potential opportunity to buy a short position, or get out of a short position. When the sushi roll pattern emerges in an uptrend, it alerts traders to a potential opportunity to sell a long position, or buy a short position. A test was conducted using the sushi roll reversal method versus a traditional buy-and-hold strategy in executing trades on the Nasdaq Composite during a 14-year period; sushi roll reversal method returns were 29.31%, while buy-and-hold returned 10.66%. Sushi Roll Reversal Pattern Fisher defines the sushi roll reversal pattern as a period of 10 bars in which the first five (inside bars) are confined within a narrow range of highs and lows and the second five (outside bars) engulf the first five with both a higher high and lower low.3 The pattern is similar to a bearish or bullish engulfing pattern, except that instead of a pattern of two single bars, it is composed of multiple bars. Best, Moshkelgosha 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 site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, 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 site. Reference Article: www.investopedia.com
AMEX:SOXS
by Moshkelgosha
3
Betting Against the market..!Monitoring the volume of reversed ETF shows increased volume against S&P 500 and Dow Jones in the past week! I will monitor these for possible buy opportunities and benefitting from a possible market correction! a 3-5% correction could push these higher 9-15%..! They need to complete a reversal pattern above the green lines first! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/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 site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, 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 site.
NASDAQ:SQQQLong
by Moshkelgosha
10
spy to 408.expanded 3rd into the 2/19 opex just under 400 to play with both the bears and bulls emotions. wave 4 probably won't go below fridays dark pool support at 391, though it can. not sure how high that 5 goes, but i'm thinking a 123.60% extension on the larger scale, aka 408. which would also make this last move an extended fifth on the smaller scale. the correction will be interesting, and should probably last between 1-2 months. going to sit in spxu and qid equity all the way though and patiently wait for the gold mine of opportunities which will surface. spy will probably get down to around 321 after the upside target of 408 is realized. this is quite a bold statement here, but i believe my calculations are on point this time. good luck, and trade safely.
CME_MINI:ES1!Long
by notoriousbids
[SPXU] Another Way to Profit on a Crash (Part 1)- DO NOT ATTEMPTSPXU is a very complex financial instrument and you should never trade this. It goes up when the market goes down. It resets everyday, unlike the VIX which functions more like a traditional stock. Honestly I don't even know how to chart this thing as it seems to function similar to a logarithmic scale but man look at that upside! There's barely any details on the internet about this thing but it is intended to be a day trade play and NOT intended to hold for more than a single day. Something to do with your daily increase or decrease compounding each day. Every new day it resets and this can really make the trade extremely volatile (please if anyone can explain this better, chime in!). I tested this out today. Was pretty certain the market was going to go down so I bet 1.5% of my portfolio on the SPXU and SDOW (same thing for either market). SPXU: Bought - $14.10 Sold - $14.38 SDOW: Bought - $30.04 Sell - $30.28 This doesn't look like much I know but if you extrapolate, that's 2% ROI on the SPXU in one day and 1% ROI on the SDOW in one day. What a return! Instead of day trading it though, which can be quite time consuming and brutal, I want to try to angle for a swing trade. Keep in mind everything says this is NOT INTENDED TO BE HELD MORE THAN ONE DAY and for the reason why they just say because your winnings or losses compound over time. But that sounds fantastic if I'm very confident the market will drop in much greater proportion on average each day than it rises over the next 30 days (I do believe this now). So lets see what happens if I swing trade this bucking bronco. My big market crash bet is on the TVIX (3x the VIX) but SPXU and SDOW could potentially be quite lucrative with a small investment if the market does crash.
AMEX:SPXULong
by ProfitHarvest
2