SPXU long trend for short term bounce play
Here is a comparison chart of the S&P large cap inverse shares.
Looking very similar to Dow with even longer standing uptrend that is currently testing a bounce.
Check out RSI levels compared to last time at this level and what price action followed.
Again I will be hedging this short term *week or less while picking up shares in the index at a fair price.
Will update! thanks for the support greatly and good luck trading
30m Bars for up close action sirs and maams . best.
Here is the SDOW chart for reference > https://www.tradingview.com/chart/SDOW/R0LeKJ9a-Dow-Bears-1D-done-hibernating/
Looking very similar to Dow with even longer standing uptrend that is currently testing a bounce.
Check out RSI levels compared to last time at this level and what price action followed.
Again I will be hedging this short term *week or less while picking up shares in the index at a fair price.
Will update! thanks for the support greatly and good luck trading
30m Bars for up close action sirs and maams . best.
Here is the SDOW chart for reference > https://www.tradingview.com/chart/SDOW/R0LeKJ9a-Dow-Bears-1D-done-hibernating/
Trade active
DCA $39.40 ; 2% portfolio . lets see.Note
VIXY for comparison on the 15mTrade active
DCA $38.65 // 2.64% portfolio 15m Update Chart. Please note blue zone RSI highlighted from 4h
Note
Nasdaq March Futures . . .. Just speculating .. gored broken legged bear over here; waiting for the bulls to ease up ! Good luck everyone
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