Discussions

Direxion Daily S&P 500 Bear 3X forum

Jul 31

Why is SPXS dropping and SPY is also dropping in premarket, usually they reflect opposite movement?

Apr 26

buyers will keep accumulating to 508, Below there could sell of to LOD. Market Makers would fry all these buyers if they closed the GAP. Consolidating in 2 point range would not be unusual with a sell off EOD. Still have a bullish Bias. looks ready to sell, If this lower high on holds that could put sellers in control but seems unlikely to 3:30. Charts resembling a H&S intraday but bulls have been giving everyone the horn lately that want to short. Manage your risk first. elongated bear flag at present price from high. Remember the CHOP is an
accumulation pattern

Apr 4

50MA support looking weak. Bear flag no follow through... (Closing the gap would wipe out a lot of the break out traders.) Lunch time normally doesn't see too much volatility but not the case. leading with some volume. Looks like it is waiting for some volume to break support. Sour Power Hour could be good today. Will be waiting for a clear pattern in consolidated range off top. I have a bearish bias here. NOT trading advice. Manage your risk first.

Apr 4

Pattern repeats, manage risk and let runners run. Moves will become shallow as volume falls off. 10:00 watching for volume push to next level. Expecting to visit the HOD again later and wash out the short sellers. If it closes the GAP it would be amazing. ES!!

Mar 28

H&S executing causing pain not a volatile day until the end like yesterday. Still bullish for next week unless we sell off really hard. Watch yourself. still lagging. Have a great weekend. Enjoy the holiday.

Mar 15

time for a break down or head fake (bear trap)

Mar 15

Slow day, having to be very patient for these set ups. Very likely to visit LOD by end of Lunch session. (2:00) Mainly focusing on PUTS as sellers are in control this part of the session. Less risk at resistant TL . 3 point range if Market Makers decide to screw retail they will reverse to close the GAP. Not taking breakouts as weary of Bear traps. sellers leading. Focus on the set ups, boredom is the account killer! Manage your risk first.

Mar 14

Sour Power Hour held the down trend looks like support could hold in the range. Nice volume. Daily bearish engulfing can put some sell pressure into the weekend. (WAG) Volatile enough for runners today. Early on was a scalpers paradise. Channel trading. showing mostly same price action today. Protect your positions fast. Everyone still thinking the top is in? Manage your risk first.

Mar 14

Could be third continuation on this upcoming bull flag, got to protect your position. Would not be surprised for a rip your face off reversal. looks stronger than Just under the filled gap. 4 point range consolidating at the top. Retesting the lows before 2 would be the norm. Manage your risk first and never listen to anyone if you can't see the trade. You are the only one responsible for your trading.

Mar 11

Gap filled. Now we get to see who is in control of the close. Wipe out the buyers? We shall see. The daily has it set up for a selling range with the possibility of filling las weeks open gap. as we break the supporting trendline. Have to drive the stops in fast as taking a loss this late in the day is unacceptable with these low range moves. If bear flag sets up on support, could be a nice finish. Small risk. LOD close would be bad for buyers this week. No volatility here so just grinding profit out of retail traders. Manage your risk first.