SPDN LONGR:R here makes a lot of sense especially with small size. May not get the top of the fork but cant ignore the potential edge in the market.
SPDN trade ideas
Direxion Daily S&P 500® Bear 1X Shares (SPDN)On daily chart, the SPND continues to create a series of higher lows and higher highs, which confirm current uptrend. It seems that, SPND is on his way to test the current resistance area that lies on 15.64 – 15.81$, which consider the level, that the SPDN need to break it to upside, to trigger it targets higher levels near to 16.26 - 16.80 - 17.27$ on short term basis.
We notice that positive indicators and volumes, that of course will increase the probability of a mentioned positive scenario.
$SPDN Quarter 3 (Q3) AnalysisI believe that SPDN will form a new all-time low in Q4 with a drop below $13.90. For those who are bearish on the S&P, I drew the key price targets on the way up for those who are long SPDN. For now the EMA ribbon is acting as an area of resistance and a red resistance line that intersects with the yellow resistance zone. These are short-term resistance levels to monitor.
SPDN is Neutral after 6.5% Upswing
Starting in mid-July I starting giving market updates with a $13.90 price target for entering SPDN.
On July 27, SPDN presented that buy opportunity with a drop down to $13.85, just 5 cents under the price target (marked by the white circle).
Since July 27 SPDN had a 6.56% upswing that corresponded with SPY's 3-week correction.
However SPY had a bullish bounce off the red support level and the S&P has been relatively neutral since.
SPDN is currently neutral around the midrange of the Bollinger Band with no clear direction.
Key Price Levels:
SPDN has support at $13.90 and $13.99, but this support level could break if SPY continues its bull trend over the next few months
SPDN's key sell targets on the way up are $15.07 and $15.62.
Direxion Daily S&P 500 Bear 1X Shares Is The US market crash. Is The US market crash coming ?
We have 3 types of “crashes”
Correction <15% downward movement in a major indicy
Bear Market <20% downward movement in a major indicy
Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on.
The fourth type is the 1919, 1929, 1999 and 2008 scenario that people generally refer to as a “crash” 2022 a new one ?
Sincereley L.E.D
In Spain 14/05/2022
SPDN SP500 HedgeIf you believe the SP500 market will trade lower, but still have bought the market. The SPDN gives a trader a way to limit their loss in case of failure.
A stop loss below 14.60 and a profit limit order above 15.62 means you could limit your loss if the SP500 trades lower below 4000.
SPDN SP500 Bull Flag Hedge TradeWith a stop loss below 14.53 and a profit limit order at 16.33. This trade can help against loss on trading the SP500 if the market trades below 4000.
SPDN seems to be a short sell for now SPDN has just reached the bottom of the last spike and it’s a crucial point in the stocks history. It can either do one of two things at the stocks spike support, or the same two things at the stocks base support. Really I think the safe thing to do is short so even if it stabilizes at the spike support, you’ll be able to buy and make some profit, albeit not that much. Also, I think the stock will continue the downtrend that is has, but that’s just my opinion. See the link down below for some more charts that might come true.
(Not financial advice)
SPDN to hedgeSo your 401k is back up to almost ATH but now you have anxiety what if the price crashes again? SPDN is your answer. A conservative way to short the market without short selling. Non-leveraged product, much less volatile than spxs. If you believe the market will be in downturn for longer use this chart to find your short on the market and if you believe downturn will be short buy spxs.
