SPXS trade ideas
SPXS is going down downEven with a fall this is great news! As the country opens back up Put territory is widening.
SPXS Long With Corona Virus SpikingI believe that SPXS will rise as the S&P Index begins to fall. Corona isn't gone, and we are under extremely inflated market conditions.
GFC vs. COVID-19Thoughts on more downturn is the liquidity fueled stimulus running on fumes; thought id compare the 08 crash and the current situation love to hear the thoughts on what happens from here
SPXS for brave soulsWheres the bear gang at. Feeling the market is overdue for a correction? here's your chance to buy cheap ass spxs. 3x short etf.
Strictly looking at chart. Trend still down. Last line of defense is where you buy and most likely get one profit target out. EASSSSYYYYY stop loss. R/R over 9
SPXS Breakout Soon?Trend lines show the slowed down movement coming to a wedge, potential breakout soon or we continue this steady decline.
Depending on which trend gets broken through we should know soon
SPXS Bear Chart - Potential Dump Scenario.Looking at the Fed pumping money into market however unemployment at ATH. This shouldnt last. Expecting a reversal as markets start to erode due to US economy on its death bed due to #stayathome orders.
SPXS week of 6 Apr 2020VWMV
Daily +/-2 SD (black arrows).
Weekly +/- 1-3 SD (black, red, green, yellow horizontals) with buy and sell zones (red/green).
Monthly +/-2 SD range (light yellow field).
SPXS 23-27 Mar 2020I utilize the weekly data to calculate the Volume Weighted high, and the Volume Weighted low. Then I use these figures independently to calculate the standard deviations. I'm experimenting with this method and theorizing it has multiple facets of usefulness. Of course identifying support and resistance areas is a benefit, but also seeing the variation in the SD's from week to week, how they increase or decrease in relation to their priors, and how the +2 and -2 expand and contract in response to increasing or decreasing volatility on the up or down side. I'll most likely add the +/-3SD to my charting soon. I've been using this method privately for some time and have only just recently begun posting it as earlier experiences with it have been surprisingly successful, and I'm curious about any additional tweaks the community may offer as advice.
WHAT SHOULD NOT BE IGNORED?IN THE LAST WEEK OF FEBRUARY WE SEE A DRAMATIC BETTING AGAINST MARKET AND VOLUME INCREASED 6 TIMES OF AVERAGE OF THE LAST 20 WEEKS.
I THINK MARKETS WILL BEHAVE LIKE ROLLERCOASTER UNTIL 2020 ELECTION BECAUSE WE HAVE CORPORATE TAX CUT ON ONE HAND AND INCREASE CORPORATE TAX ON THE OTHER HAND. FINALLY, THE CORONA VIRUS CAUSED MESS ALL AROUND THE WORLD.
SPXS – Bullish Banana Breakout Confirms SPY DowntrendChart Details
Weekly view shows price touching 10WeekMA. (same as SPY but inverse obviously)
Price cross above 10Week should confirm uptrend to gap fills.
Price above aqua blue line confirms uptrend to EMA cross.
Price above yellow line and look for upper gap fills.
Gaps to fill up to $17
Stop $13
Target $16
Money Patterns member alerts for this trade had lowest entry price of $12.08
Opinion – SPXS has very few unfilled gaps previously. Market overextended. This has good potential to fill gaps in the next few weeks.
Coronavirus fears and reality will sink in. First time in 50 years Americans are quarantined WITHOUT CHOICE when entering the country.
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SPXS - SPY Hedge Bullish - Shakeout Before BlastoffChart Details
Small pullback today.
Bullish EMA cross and Bullish 10Week Cross stacked up. Very close to crossing will confirm bullish trend.
Gap fills to $15/$16 conservative estimate.
Weekly trend confirms bullish trend. RSI on Weekly confirms pattern breakout.
Stop $12.50
Target $15
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
