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Direxion Daily S&P 500 Bear 3XDirexion Daily S&P 500 Bear 3XDirexion Daily S&P 500 Bear 3X

Direxion Daily S&P 500 Bear 3X

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SPXS trade ideas

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
SPXS – Bullish Breakout – Any Day Now… Trade Entry Anything at $12.80 or below is a great entry price as hedge. I am putting some wishful orders in the $12.34 area and below just in case. Chart Details Banana pattern almost at end. I think the last Daily Bullish candle gave us a better contact point with $12.59 low. The current downtrend without significant uptrend has occurred over 3 months. Overdue. Gaps to fill up to $17.40. Bullish EMA Cross and price crossing 10WeekMA will confirm uptrend. About Me 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. Website will be ready for launch mid-January 2020. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, MCD Bullish
AMEX:SPXSLong
by MoneyPatterns
7
SPXS - Banana Pattern Getting BullishTRADING ACTIVE Options were closed when stops were hit. Stock is kept as better entry. More resistant to market whipsaw (no time issue like options). Chart Details Banana/Shoe pattern is repeating. We are at the end of current pattern. Expecting gap fills up to possibly $17+ Bullish EMA Cross (at $13.70) and Bullish 10WeekMA cross ($14.60). Over both we are confirmed Bullish. I would be watching exits as this moves quick. Fractal shown is from similar pattern where Daily candle had topping tail wick, followed by larger green Daily candle on next day. This indicates the turn to me. Entry Options I would continue to add in this position under $12.90 if we get into end of pattern. Otherwise I am waiting with current position. Stop loss at $12.70 – although I will probably hold past this. SPXS will pop and cover up-gaps. Side-note - GDX and Gold are both turning bullish which (to me) is a secondary confirmation of incoming market correction/pullback. News: - I haven't watched either but RealVision is excellent with sources. 1/1/2020 - John Bollinger Interview (Debunking False Assumptions) www.youtube.com 1/2/2020 - RealVision Finance "WTF is going on in the economy" www.youtube.com About Me 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. I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
AMEX:SPXS
by MoneyPatterns
10
SPXS – Few Days Chop Before Bullish BreakoutTrading active in SPXS. Entry at $13.10 or less is great entry for 1 month hold max. Trade Entry I recommend using Dollar Cost Averaging to scatter orders under the $13.10 mark. Chart Details SPXS fractal holding from previous chart. Fractal shows we will have few days chop sideways before pattern breakout. Last fractal did not fill pattern, so I expect we do not get down into the $12.75 area. Many gaps to fill going up to $17. Price break of 13.66 confirms EMA bullish cross. Price break of $14.31 confirms SPY should start pullback/correction. About Me 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. Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term. Previous SPXS Chart
AMEX:SPXSLong
by MoneyPatterns
2
SPXS - Bullish Confirmation on Daily YesterdayTRADING ACTIVE IN SPXS Chart Details SPXS confirmed Buy Signal on Daily yesterday. Gaps to fill up to $17.50. Bullish EMA cross will occur around $13.94. 10WeekMA cross around $14.60. Anything above $14.60 should confirm Bullish trend up to gap fills. Price may stop at each gap fill – watch to exit if reversal occurs. RSI turned Bullish. Trend Dots confirm Bullish trend on Daily. I will update if Weekly view also confirms. Entry Options I am entered in the Jan 17. Expiry, 12/17 Put Credit Spread. $3.83 Credit received. Breakeven SPXS at $13.17. Max loss $117. Max gain $3.83 About Me 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. I am transitioning to my new website www.moneypatterns.com and will be updating my username here. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term - GDX Bullish, SPXS Bullish, SMH Bearish
AMEX:SPXSLong
by MoneyPatterns
14
SPXS - Bearish SPY AlternativeI AM NOT ENTERED IN THIS TRADE I will update on Monday 12/30. Reading a chart from Unwind, he suggested to find a inverse SPY ETF. Credit to him for the suggestion. I came across SPXS which is "3x inverse exposure to SP500 index" www.etf.com This idea is meant for bearish bias on SPY, considering we are at ATH's and capital gains starts in January. If you have same opinion of market conditions, let me know what you think or if you have an alternate idea. Chart Details Price above $13.94 confirms bullish EMA cross. 10WeekMA around $14.60 – re-analyze bullish trend continuation or exit below trade for profit. Entry Options - Jan. 17 expiry. 12/17 Put Credit Spread. Take in $3.90 Credit (as low as $3.80). Max loss at $3.80 is $120. Max loss at $3.90 credit is $110. Max gain possible is $390. Exit at 50% profit or your risk tolerance. Must exit before expiry. One leg of this spread is 92% POP. Other leg is only 5%. Total is over 85% POP. About Me 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. I am transitioning to my new website www.moneypatterns.com and will be updating my username here. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC.
AMEX:SPXS
by MoneyPatterns
22