Fib retracement looking at .768 for support, daily close today or tomorrow below support at .768 might bring us down to Fibo 0.618 and 0.5. FOMC meeting might have dashed some bull expectations, but overall, a correction could help to achieve higher highs and a new ATH. Thinning Ichi Cloud on 4 HR, close to a Kumo twist, and also a Tenkan/Kijun bearish cross in effect, which could be showing some weakness near term.
Conditional order of SPXU (3X Bear S&P ETF) with tight spread to either catch momentum or decent entry. Position Sizing of 200-300 shares, laddered in with 2 separate conditional orders. Upon entry will move limit sell order (All or None/AON) to match price action. In case of a spike, will close trade manually.
Conditional order of SPXU (3X Bear S&P ETF) with tight spread to either catch momentum or decent entry. Position Sizing of 200-300 shares, laddered in with 2 separate conditional orders. Upon entry will move limit sell order (All or None/AON) to match price action. In case of a spike, will close trade manually.
Trade active
Trade open, Trump twitter account makes shorts money, sometimes.Note
Note
Note
See image above, Kumo twist, Death Cross, TK Cross all showing bearish...Trade closed manually
Trade Closed on 5/14 profit - 3%
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.