The SPXS which is a 3 x inverse ETF on the SPX looks to be making an "Island bottom reversal" which would indicate to me that the market is going to further shit the bed.
I got long on the short ETF inside the island
Example: "stockcharts.com/articles/mailbag/2010/09/what-is-an-island-reversal-kol-aapl.html"
I got long on the short ETF inside the island
Example: "stockcharts.com/articles/mailbag/2010/09/what-is-an-island-reversal-kol-aapl.html"
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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.