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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 – 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
50 % Short S+P 500, 5/3/19 CloseMy continual belief, that the stock market is hanging on a proverbial limb, as price continues to rise day after day, to new records, all the while bearish divergences continue to grow has been well documented. I have made the point continually advising on tradingview.com that the only way to catch a substantial market decline is to be accumulating short positions, against the trade+ and just sitting tight,... ...waiting for the break to occur. This belief allowed me to go 50 % short, the S+P 500, using my favored trading vehicle SPXS, the 3 X Short S+P 500 ETF on the close on 5/3/19 Weekend news of a potential breakdown in US/China talks should allow short position to go into deeply the money, when market's open for trading Monday morning. THE_UNWIND 5/5/19 NEW YORK
AMEX:SPXSShort
by The_Unwind
4