24.80 looks stable for breakdown with rate cuts loomingThe indicators have given it more room to run down before a sign of reversal, with stochastic entering the 20 zone and RSI 30ish, MACD death cross daily.
Key stats
About ProShares UltraPro Short S&P500
Home page
Inception date
Jun 25, 2009
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
SPXU delivers a very aggressive single-day bet against the S&P 500, ratcheting up the leverage to provide 3x inverse exposure to the widely followed index. The fund, like most geared inverse products, is designed to deliver its -3x exposure to the S&P 500a cap-weighted basket of 500 of the largest firms in the USfor just one trading day. Holding it for a period longer than that will introduce the effects of compounding, a dynamic that`s increasingly pronounced as you add more leverage to the strategy. The tool is designed to be held for no more than one day or your position will need to be adjusted daily.
Classification
What's in the fund
Exposure type
Government
Cash
Stock breakdown by region
SPXU to 37 ?If we have SP:SPX going to around 4800 from here AMEX:SPXU would easily hit $37, giving us a %40 return.
SPXU WEEKLY GANN FANthis is just for fun because i posted a chart in 2021 and wanted to run it again
if things go up, they usually follow the gann fan for me
BUY SPXU soon?I trade this swing chart. No ambiguity All Analysis is TradingView Community Scripts. MACD (X0 or XX no! Not kisses and hugs) must confirm/filter price chart signal (Price must penetrate all chart indicator lines and get a Lorentzian green flag. Note : displayed WINRATE is associated with Lorent
Betting on a crash SPXUPretty obvious we are on the brink of a year end rally based on seasonality and election cycles OR we are about to see the biggest system crash since the great depression based on absolutely bananas monetary policy for the last 50 years and over correction helicopter money from the Federal Reserve.
Butterfly possible? Any help is appreciated Ive never used butterfly patterns but thought this looked close to one....Perhaps it's possible 🤔
If you could offer any insight I'd appreciate it, thanks
SPXU - bears are in control after CPI release$SPXU - bears are in control after CPI release
Shorting the US market is not an easy business, but this is the trend since the beginning of 2022 and there is no sign of it changing.
In addition to my previous post...
On Friday I have been stopped out from both $SPXU and $SQQQ, locking in roughl
Long SPXU as a hedge 13.20Daily stoch turning up
daily charts shows some basing
vol more buying vs selling
stop loss 12.37
S&P 500 Commodity index / S&P 500S&P 500 Commodity index / S&P 500 Index
It is a ratio of the two indexes
Back long SPXU 15.75Look at the candle small capitulation nice tail
Look vol more buying then selling
look daily stoch trying turn up
look at weekly stoch heading up
stop under todays low 15.31
target 20
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.