LONG SDS target 30In my opinion with no cut rates for 2024, stock markets should drop 10-15% from current levels. So the best play will be long SDS.
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Key stats
About ProShares UltraShort S&P500
Home page
Inception date
Jul 11, 2006
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
SDS provides a 1-day leveraged bet against the S&P 500 in a very liquid vehicle that's well-aligned with the tactical nature of the product. The fund, like most leveraged and inverse products, is designed to deliver 2x inverse exposure to its indexthe S&P 500for 1 day and 1 day only. Holding it for longer periods will expose investors to the performance drift resulting from compounding. As such, the tool should either be held for no more than 1 day or rebalanced regularly (adding or subtracting to one`s position in the fund) to offset these dynamics. In all, SDS provides the strong liquidity that`s paramount for a geared fund.
Classification
What's in the fund
Exposure type
Government
Cash
Stock breakdown by region
$SDS Double BottomAMEX:SDS is showing a Double Bottom pattern, making it an excellent hedge against any long positions you might hold. It is recommended for swing trading purposes and not as a long-term investment strategy.
head and shoulder inverse head and shoulder pattern , its continuation pattern some says its reversal pattern , nonetheless we look how to play it
BUY LIMIT SDSLook at the top of the 3810-3900 previous inflection point for the S&P 500 index.
The important support will continue at 3702 during the period this week.
The next important support level is 3509,Which is a 50% retracement of the full height from the 2020 pandemic lows.
- The last VIX high at 35.05
SDS SPX Short S&P500 Is The US market crash coming ?Is The US market crash coming ?
We have 3 types of “crashes”
Correction <15% downward movement in a major indicy
Bear Market <20% downward movement in a major indicy
Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on.
The four
Simple Setup translating $QQQ to $SQQQSimple setup for translating and hedging using SQQQ against Long Techs.
looks like it will take 80% infection rate to kick this market in the teeth...it will happen as long as they have raliies with out masks and mall and restaurants with people jostling and mingling etc
once we hit 100k cases per day... watch out below...
the gap at top could get filled before the descent into abysswe will see...trump trying to paper up the cracks until election...
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Summarizing what the indicators are suggesting.
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Neutral
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Neutral
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.