|
Click here for Signal Trades spreadsheet. Updates 2 PM EST - Wednesday 12/1/21 Volatility: $VVIX $VIX $VXN $RVX
The process is bumpy though, as bottoming typically is. Dealer hedging activities are fueling large price swings, especially for $SPX and IWM.  Updates 12:45 AM EST - Wednesday 12/1/21 Volatility: $VVIX $VIX $VXN $RVX Yesterday we wrote: All volatility charts may spike up a little more on Tuesday, but as long as the new spike is lower than Friday's, we should expect volatility to continue declining. $VVIX along with $VIX $VXN $RVX did spike up more on Tuesday, but they ended up with lower highs or same highs. So the odds favor the beginning of the decline in volatility, which should provide bullish tailwinds for $SPX $NDX IWM. However, if volatility gaps up on Wednesday, it would become bearish headwinds for stocks, and we are likely to see more selling.    Trader Hedging: Put/Call Ratio Similar to volatility charts which are forming possible tops with multiple spikes, we want to see P/C ratio forms tops with multiple spikes as well. The hourly chart below shows the multiple spikes that formed in September into October that became the top of the volatility surge then. We should expect to see a pattern similar to that forming in the P/C ratio chart. And just like September/October, such pattern would indicate that volatility surge is done, at least for the short term.  Market Breadth: Advance-Decline Net Issues NYSE, Nasdaq and small-cap A/D net issues dropped substantially on Tuesday, though not as low as Friday. We should not expect a bounce until breadth starts to show higher low short-term bottoms on their charts. And keep in mind that it may just be a dead-cat bounce given that $SPX $NDX IWM are vulnerable under the hood based on their breadth. Seasonality Statistically, this is a bullish period of the trading year. We shall see if this year fits in with the statistics. Dealer Hedging As long as the $SPX $NDX IWM stay above these price levels shown below, dealer hedging activities will keep price swings smallish, resulting in calmer market.
At this point, $SPX IWM have dropped below their key levels. This means that dealer hedging activities will feed into $SPX IWM price swings, resulting in bigger price swings (up and down) for $SPX IWM. Short-term Key Levels The table below is the same as yesterday.  $SPX $NDX IWM Observations based on daily chart patterns as of this writing:
Our goal short-term is to capture the bounce with quick trade. Then exit all long positions (unless the indicators tell us that the bullish trend is resuming for real). If volatility surges up a lot on Wednesday, we will enter UVXY to hedge. See updated trade plan in spreadsheet. To Read We urge you to read this article about risk management and position sizing. 1% Risk Rule If you are new to trading 3x leveraged ETFs like TQQQ TNA SOXL FNGU, read: Why 3x ETFs like TQQQ lose money over the long term If you are new to trading inverse ETFs like SQQQ TZA SOXS FNGD, read: The risks of investing in inverse ETFs Disclaimer The information presented here is our own personal opinion. Consider it as food for thought. We are not offering financial advice. We are not promoting any financial products. We are not registered financial advisers or licensed brokers. We make no guarantee that anything will unfold according to our projections. You are proceeding at your own risk if you follow our suggestions.
0 Comments
Click here for Signal Trades spreadsheet. Updates 12:30 AM EST - Tuesday 11/30/21 Volatility: $VVIX $VIX $VXN $RVX $VVIX along with $VIX $VXN $RVX have all formed the really tall initial spike on Friday, and a follow-up lower high spike Monday. This is typical of the top formation process, as we can see in $VVIX daily chart below. All volatility charts may spike up a little more on Tuesday, but as long as the new spike is lower than Friday's, we should expect volatility to continue declining. This is bullish support for $SPX $NDX IWM.  Trader Hedging: Put/Call Ratio Similar to volatility charts, the P/C ratio 30-minute chart has formed a pretty tall spike on, and a lower high spike on Monday. Ideally, we will see at least one more obvious lower-high or same-high spike for the top formation to finish. This kind of pattern provides low-risk setups to enter long $SPX $NDX IWM.  Market Breadth: Advance-Decline Net Issues NYSE, Nasdaq and small-cap A/D net issues improved much more on Monday versus the super negative numbers on Friday. However, from the cumulative A/D charts perspective, and this is especially true for Nasdaq, market breadth is declining. What this tells us that $SPX $NDX IWM may recover quickly, but their long-term health is in decline. They are vulnerable under the hood.  Seasonality Statistically, this is a bullish period of the trading year. Dealer Hedging As long as the $SPX $NDX IWM stay above these price levels shown below, dealer hedging activities will keep price swings smallish, resulting in calmer market.
However, IWM has substantially below its key level. This means that dealer hedging activities will feed into IWM price swings, resulting in bigger price swings (up and down) for IWM. Short-term Key Levels The table below is the same as yesterday. $SPX $NDX IWM For now, we are monitoring for these scenarios:
Our goal short-term is to capture the bounce with quick trade. Then exit all long positions (unless the indicators tell us that the bullish trend is resuming for real). If the bounce turns out to be dead-cat bounce and UVXY forms an anchor-to-rise pattern (3A and 3B in chart above), we'll be entering UVXY to capture the volatility eruption. We'll post those buy orders when the time comes. See updated trade plan in spreadsheet. To Read We urge you to read this article about risk management and position sizing. 1% Risk Rule If you are new to trading 3x leveraged ETFs like TQQQ TNA SOXL FNGU, read: Why 3x ETFs like TQQQ lose money over the long term If you are new to trading inverse ETFs like SQQQ TZA SOXS FNGD, read: The risks of investing in inverse ETFs Disclaimer The information presented here is our own personal opinion. Consider it as food for thought. We are not offering financial advice. We are not promoting any financial products. We are not registered financial advisers or licensed brokers. We make no guarantee that anything will unfold according to our projections. You are proceeding at your own risk if you follow our suggestions. Click here for Signal Trades spreadsheet. Updates 6 PM EST - Sunday Key dates Here are some important dates coming up to consider for our trades. 12/3: Debt ceiling deadline 12/15: FOMC announcement 12/17: Quad Witch Here's the economic calendar for the full week. Monday: Pending Home Sales Tuesday: Consumer Confidence Wednesday: ISM Manufacturing Index; EIA Petroleum Status Thursday: Jobless Claims Friday: Job Report; Factory Orders; ISM Services Index Is the stock market crashing? Today we will be sharing quite a few charts with you. But first, let's answer the question that's causing the most anxiety. Is the stock market crashing? The short answer is "not right now". The long answer is "maybe later in December or early January." We will discuss in more details further below. But given that there are so many charts to track, and sometimes the information is not easily discerned, we suggest that you keep an eye on UVXY. UVXY is a derivative of $VIX, and it moves in the same direction as $VIX. But unlike $VIX which oscillates within a range, UVXY moves sharply in a direction due either to contango or backwardation. Therefore, UVXY chart is easier to read. If the market is happy, UVXY will drop like a brick. Conversely, if the market really panics, UVXY will erupt like a geyser. In UVXY 2-hour chart below, there are 3 possible scenarios:
Other indicators discuss below tell us that scenario (1) where $SPX will crash immediately is a low probability. Scenario (2) or (3) are more likely to unfold, but we won't know which one for sure until after the first bounce.  Volatility: $VVIX $VIX $VXN $RVX In $VVIX (volatility of $VIX) daily chart below, we can see what $VVIX pattern looks like right before the crash of Feb 2020. Observe how the 20-day EMA blue line and the 50-day EMA red line hover over the 200-day EMA green line for multiple weeks before $VVIX built up enough energy to erupt. On Friday 11/26 $VVIX did spike up a lot in one day, but observe how its 20-day EMA blue line and 50-day EMA red line are still below the 200-day EMA green line. This suggests that $VVIX will need to spend time anchoring right around its 200-day EMA green line (at 115), before it can build up enough energy to erupt and spike a lot higher. This implies that a bounce in $SPX is likely to happen this week. We just don't know yet if it will be a real bounce or a dead cat one.  $VXN daily chart shows a similar pattern, suggesting similar behavior for $NDX.  Trader Hedging: Put/Call Ratio The P/C ratio daily chart below reveals that the market may be in the process of forming the foundation of a crash. Back in Feb 2020, P/C ratio spent multiple weeks forming a big rising W before it was able to erupt and surged hugely. P/C ratio at this point may be in the process of forming that W bottom. The first half of the bottom has formed, but we still need the second half to form. This potential pattern supports our theory that we may see a dead cat bounce (drop in P/C ratio), followed by the beginning of the real crash (surge in P/C ratio).  Market Breadth: Advance-Decline Net Issues No doubt breadth is terrible right now for NYSE, Nasdaq and small cap stocks. However, the massive drop in A/D net issues on Friday may have been short-term climatic, especially for small caps. Just to put things in perspective, there are a total of 600 companies in the S&P Small Cap index. During the crash last year, on 3/9/20 there were 590 companies out of 600 declining on that date. This marked the start of the bottoming process. This past Friday 11/26, 559 of these small-cap companies were declining in one day. This likely marks the start of a short-term bottoming process as well, and supports our bounce theory.  Seasonality Statistically, this is a bullish period of the trading year. But statistic is not a guarantee. There are always exceptions. Dealer Hedging As long as the $SPX $NDX IWM stay above these price levels shown below, dealer hedging activities will keep price swings smallish, resulting in calmer market.
However, $SPX and IWM have dropped down below these key levels. This means that dealer hedging activities will feed into price swings, resulting in much more volatile market. While we are on this subject, you may want to note that Carl Icahn sold a large number of ES puts on Friday 11/26 (strike: 3800, expires: Feb). What this means is that dealers who bought these puts need to buy stocks or futures to hedge their books. This kind of hedging activities tends to keep price swings smallish, resulting in calmer market. What this also implies is that Icahn does not think ES will drop below 3800 when these puts expire in February. So there's our possible market bottom! Short-term Key Levels The table below has been fully updated.  $SPX $NDX IWM For now, we are monitoring for this scenario:
Our goal short-term is to capture the bounce with quick trade. Then exit all long positions (unless the indicators tell us that the bullish trend is resuming for real). If the bounce turns out to be dead-cat bounce and UVXY forms an anchor-to-rise pattern (3A and 3B in chart above), we'll be entering UVXY to capture the volatility eruption. See updated trade plan in spreadsheet. To Read We urge you to read this article about risk management and position sizing. 1% Risk Rule If you are new to trading 3x leveraged ETFs like TQQQ TNA SOXL FNGU, read: Why 3x ETFs like TQQQ lose money over the long term If you are new to trading inverse ETFs like SQQQ TZA SOXS FNGD, read: The risks of investing in inverse ETFs Disclaimer The information presented here is our own personal opinion. Consider it as food for thought. We are not offering financial advice. We are not promoting any financial products. We are not registered financial advisers or licensed brokers. We make no guarantee that anything will unfold according to our projections. You are proceeding at your own risk if you follow our suggestions. Click here for Signal Trades spreadsheet.
Updates 12:22 PM EST - Friday 11/2/21
UVXY is the chart to watch. It is likely to stay above its 50-day EMA level into early next week. But then it is likely to drop. When UVXY gets down to the low of October (around 14.5), it will reveal the clue as to where the stock market is really heading next. If UVXY finds support around 14.5 and builds a multi-bottom, it is likely setting up for a very big spike. It may not be as bad as Feb 2018 or Feb 2020, but it could be the same kind of magnitude as Oct-Dec 2018. Therefore, we plan to unwind our current long positions as price recovers, and get ready for a possible volatility storm. Updates 9:34 AM EST - Friday 11/2/21 Our plan to take Thanksgiving off is upended (sigh). The sudden discovery of the new COVID variant caused futures to drop a lot, especially ES and RTY. Nasdaq future (NQ) is still holding relatively OK. This is a classic response to potential COVID lockdown. As a result, $VIX gapped up to 28 but has been dropping from there. $SPX and IWM have dropped down to price levels where dealer hedging activities will cause big price swings, because they are now selling into weakness and buying into strength. So expect today to be a volatile day. We are holding our current positions for now, but will be monitoring closely. Don't forget that market is closing at 1 PM EST today, and trading volume is thin due to holidays. This means a lot of pent-up reactions to developing news will happen on Monday. Click here for Signal Trades spreadsheet. Updates 1:00 AM EST - Wednesday 11/24/21 Volatility $VVIX $VIX $VXN $RVX appear to all have formed short-term tops on Tuesday. The odds are high that the medium volatility spike we have been expecting is done for now.   Equity Put/Call Ratio Like the volatility charts, the P/C ratio 30-minute chart below shows that it has formed a top on Tuesday, and is likely done rising for now.  Advance-Decline Net Issues NYSE cumulative daily line has resumed rising, but Nasdaq is still dropping. This is the one indicator that is not confirming the end of the dip. Seasonality Statistically, this is a bullish period of the trading year. Dealer Hedging As long as the $SPX $NDX IWM stay above these price levels shown below, dealer hedging activities will keep price swings smallish, resulting in calmer market. If $SPX $NDX IWM drop below these levels, dealer hedging activities will feed into price swings, resulting in much more volatile market.
Note that both $SPX and IWM dipped briefly below their dealer hedging levels on Tuesday, but close above these key levels. Short-term Key Levels The table below has been fully updated.  $SPX $NDX IWM
See updated trade plan in spreadsheet. To Read We urge you to read this article about risk management and position sizing. 1% Risk Rule If you are new to trading 3x leveraged ETFs like TQQQ TNA SOXL FNGU, read: Why 3x ETFs like TQQQ lose money over the long term If you are new to trading inverse ETFs like SQQQ TZA SOXS FNGD, read: The risks of investing in inverse ETFs Disclaimer The information presented here is our own personal opinion. Consider it as food for thought. We are not offering financial advice. We are not promoting any financial products. We are not registered financial advisers or licensed brokers. We make no guarantee that anything will unfold according to our projections. You are proceeding at your own risk if you follow our suggestions. Click here for Signal Trades spreadsheet. Updates 1:52 PM EST - Tuesday 11/23/21 Midday Snapshot
There's no indication of a setup for a stock market crash right now. But this current sell-off will likely persist into Wednesday. Updates 1:00 AM EST - Tuesday 11/23/21 The spike in volatility and the dip in $SPX $NDX that we were expecting around last Friday 11/19 finally showed up on Monday. The questions now are how big and how long will this dip be. So let's hunt for some clues. Volatility $VVIX (volatility of $VIX) daily chart below tells us the spike that started on Monday is likely to go a bit higher on Tuesday, just like the pattern in May. However, a massive volatility eruption is unlikely because $VVIX 20-day and 50-day EMA are still below its 200-day EMA green line. So we can expect to see continuing dip for $SPX $NDX IWM on Tuesday. But it is very unlikely that we would see a market crash this week.  Equity Put/Call Ratio The P/C ratio 15-minute chart below shows that it is ready to rise more, starting Tuesday. The low P/C ratio that has persisted throughout November indicates that traders have been under hedged. They were simply not that worried. Now with the rise in volatility, we may see more of a need to buy puts. Still we don't think that the market is about to rush to buy puts at any cost. As the daily P/C ratio chart yesterday showed, it's still a long way to get to crash level.  Advance-Decline Net Issues $NDX and $SPX finally woke up to the bearish message from their respective A/D lines. If these lines don't start to rise soon, conditions may turn quite bearish heading into January.  Seasonality Statistically, this is a bullish period of the trading year. Dealer Hedging As long as the $SPX $NDX IWM stay above these price levels shown below, dealer hedging activities will keep price swings smallish, resulting in calmer market. If $SPX $NDX IWM drop below these levels, dealer hedging activities will feed into price swings, resulting in much more volatile market.
Observe that IWM is still below the key level of 234 above. So we may continue to see bigger price swings for IWM TNA Tuesday. Short-term Key Levels The table below is still the same as yesterday.  $SPX $NDX IWM
See updated trade plan in spreadsheet. To Read We urge you to read this article about risk management and position sizing. 1% Risk Rule If you are new to trading 3x leveraged ETFs like TQQQ TNA SOXL FNGU, read: Why 3x ETFs like TQQQ lose money over the long term If you are new to trading inverse ETFs like SQQQ TZA SOXS FNGD, read: The risks of investing in inverse ETFs Disclaimer The information presented here is our own personal opinion. Consider it as food for thought. We are not offering financial advice. We are not promoting any financial products. We are not registered financial advisers or licensed brokers. We make no guarantee that anything will unfold according to our projections. You are proceeding at your own risk if you follow our suggestions. Click here for Signal Trades spreadsheet. Updates 12 AM EST - Monday 11/22/21 Key dates This is a major holiday week for US stock market.
Here's the economic calendar for the full week. Wednesday is heavy-duty report day. Monday: Existing Home Sales Wednesday:
Click here for earnings calendar for this week. Volatility $VVIX (volatility of $VIX) hourly chart below tells us that a quick dip in price is possible early in the week. $VVIX 20-hour EMA red line and 50-hour EMA blue line are still above the 200-hour EMA green line and rising. This means the possibility of a $VIX spike is still high, just like the pattern shown at (1). There's a good chance we'll see this spike on Monday. We don't, however, expect this spike to be very big or long lasting. Alternatively, if the red and green EMA lines start to turn down like the pattern at (2), then $VVIX is dropping and conditions are back to fully bullish.  Equity Put/Call Ratio Today we want to show P/C ratio daily chart just to put things in perspective. This chart tells us that while a quick price dip is possible, a crash is unlikely. Reasons:
 Advance-Decline Net Issues The A/D lines for NYSE and Nasdaq have all dropped sharply for multiple days now. This is particularly true for Nasdaq. This is a bearish divergence from the bullish price actions for $NDX and $SPX.  Seasonality Statistically, this is a bullish period of the trading year. Dealer Hedging As long as the $SPX $NDX IWM stay above these price levels shown below, dealer hedging activities will keep price swings smallish, resulting in calmer market. If $SPX $NDX IWM drop below these levels, dealer hedging activities will feed into price swings, resulting in much more volatile market.
Observe that IWM closed on Friday at below the key level of 234 above. So we may see bigger price swings for IWM TNA Monday. Short-term Key Levels The table below has been fully updated. $SPX $NDX IWM
See updated trade plan in spreadsheet. To Read We urge you to read this article about risk management and position sizing. 1% Risk Rule If you are new to trading 3x leveraged ETFs like TQQQ TNA SOXL FNGU, read: Why 3x ETFs like TQQQ lose money over the long term If you are new to trading inverse ETFs like SQQQ TZA SOXS FNGD, read: The risks of investing in inverse ETFs Disclaimer The information presented here is our own personal opinion. Consider it as food for thought. We are not offering financial advice. We are not promoting any financial products. We are not registered financial advisers or licensed brokers. We make no guarantee that anything will unfold according to our projections. You are proceeding at your own risk if you follow our suggestions. Click here for Signal Trades spreadsheet. Updates 2:00 AM EST - Friday 11/19/21 Volatility We want to examine each volatility chart closely tonight to see if our projections are still on track. $VIX 2-hour chart below shows a W bottoming pattern and a sideway 200 EMA green line. This pattern usually a precedes a rise in $VIX, which ought to result in at least a quick dip in $SPX. In any case, $VIX may not rise above 20 before it drops again, providing bullish tailwinds for the year-end rally for $SPX.  $VXN on the other hand may just keep coiling downward from the current level, which means $NDX may just keep marching up.  $RVX is coiling to rise from a sideway 200 EMA green line, and a cup and saucer pattern. $RVX probably won’t rise higher than 26 before it drops again, providing bullish tailwinds for the year-end rally for IWM.  Equity Put/Call Ratio The P/C ratio 30-minute chart continues to show a pattern that supports at least a quick rise in P/C ratio Friday and/or Monday. Advance-Decline Net Issues The A/D lines for NYSE and Nasdaq have all dropped sharply in the last couple days. This is particularly true for Nasdaq. This is a bearish divergence from the bullish price actions for $NDX and $SPX. Seasonality Statistically, this is a bullish period of the trading year. Dealer Hedging As long as the $SPX $NDX IWM stay above these price levels shown below, dealer hedging activities will keep price swings smallish, resulting in calmer market. If $SPX $NDX IWM drop below these levels, dealer hedging activities will feed into price swings, resulting in much more volatile market.
Short-term Key Levels The table below is the same as yesterday.  Yesterday we wrote: "Keep in mind $SPX $NDX may ignore the indicators, skip the dip, and continue to rise bullishly into December." This overly bullish, skip-the-dip mentality may be evolving tonight. As of this writing, futures (ES NQ) are both up sharply. But Friday is OPEX. So we plan to see how things evolve throughout the day before making an attempt to re-enter long. See updated trade plan in spreadsheet. To Read We urge you to read this article about risk management and position sizing. 1% Risk Rule If you are new to trading 3x leveraged ETFs like TQQQ TNA SOXL FNGU, read: Why 3x ETFs like TQQQ lose money over the long term If you are new to trading inverse ETFs like SQQQ TZA SOXS FNGD, read: The risks of investing in inverse ETFs Disclaimer The information presented here is our own personal opinion. Consider it as food for thought. We are not offering financial advice. We are not promoting any financial products. We are not registered financial advisers or licensed brokers. We make no guarantee that anything will unfold according to our projections. You are proceeding at your own risk if you follow our suggestions. Click here for Signal Trades spreadsheet. Updates 2:00 AM EST - Thursday 11/18/21 Volatility On Wednesday, we saw $VVIX starting to climb up, after it has anchored at the 200-hour EMA green line, as we had been projecting. Next:
 Equity Put/Call Ratio In the P/C ratio 30-minute chart below, its 200 EMA green line has started to nudge upward. We may still see a spike in P/C ratio Friday or Monday. The spike indicates that traders are buying more puts than calls. Note that if the P/C ratio 200 EMA green line turns down instead, it means that traders have turned bullish again, buying more calls than puts.  Advance-Decline Net Issues The A/D lines for NYSE is still above its 200-hour EMA line, but has dropped sharply on Wednesday. Nasdaq A/D line has dropped very sharply to below its 200-hour EMA. This is bearish divergence from the bullish price actions for $NDX and $SPX.  Seasonality Statistically, this is a bullish period of the trading year. Dealer Hedging As long as the $SPX $NDX IWM stay above these price levels shown below, dealer hedging activities will keep price swings smallish, resulting in calmer market. If $SPX $NDX IWM drop below these levels, dealer hedging activities will feed into price swings, resulting in much more volatile market.
Short-term Key Levels The table below is the same as yesterday.  On Wednesday, IWM was the only index that dropped down and reached L2 as projected. $SPX and $NDX went sideway instead. Based on the indicators above, there still is a possibility that $SPX $NDX will drop down between Thursday and Monday, though the dip may stop at the lows of 11/10. Then all three indices are likely to resume their bullish rise to reach L6 by early December. Keep in mind $SPX $NDX may ignore the indicators, skip the dip, and continue to rise bullishly into December. See updated trade plan in spreadsheet. To Read We urge you to read this article about risk management and position sizing. 1% Risk Rule If you are new to trading 3x leveraged ETFs like TQQQ TNA SOXL FNGU, read: Why 3x ETFs like TQQQ lose money over the long term If you are new to trading inverse ETFs like SQQQ TZA SOXS FNGD, read: The risks of investing in inverse ETFs Disclaimer The information presented here is our own personal opinion. Consider it as food for thought. We are not offering financial advice. We are not promoting any financial products. We are not registered financial advisers or licensed brokers. We make no guarantee that anything will unfold according to our projections. You are proceeding at your own risk if you follow our suggestions. Click here for Signal Trades spreadsheet. Updates 2:47 PM EST - Wednesday 11/17/21 Volatility Here's a sanity check using $VIX chart to confirm the likelihood that volatility is going to rise. When $VIX 200 EMA green line flattens and goes sideway, and $VIX itself anchors around it, it’s usually an indication that $VIX is getting ready to rise quite a bit higher. $VIX may reach 22 by Friday 11/19 or Monday 11/22.  Updates 12:30 AM EST - Wednesday 11/17/21 Volatility Wednesday is $VIX expiration day. Here is the likely path for $VVIX, as shown in hourly chart below.
 Equity Put/Call Ratio In the P/C ratio 30-minute chart below, its 200 EMA green line is likely to start climbing up Wednesday. We may see a spike in P/C ratio Fri-Mon. This indicates that traders have gone from a super bullish buy-calls mindset from early November, to a moderately cautious "buy-puts-to-hedge" mindset.  Advance-Decline Net Issues NYSE is still above its 200-hour EMA on its cumulative hourly charts, which is bullish. S&P small caps cumulative A/D line is also still bullish. However, Nasdaq A/D line is turning down, diverging bearishly with $NDX.  Seasonality Statistically, this is a bullish period of the trading year. Dealer Hedging As long as the $SPX $NDX IWM stay above these newly updated price levels shown below, dealer hedging activities will keep price swings smallish, resulting in calmer market. If $SPX $NDX IWM drop below these levels, dealer hedging activities will feed into price swings, resulting in much more volatile market.
Short-term Key Levels The table below is the same as yesterday. There is a high probability that $SPX $NDX IWM will follow the price path below. But keep in mind that there is no guarantee that things will unfold according to our projections.
See updated trade plan in spreadsheet. To Read We urge you to read this article about risk management and position sizing. 1% Risk Rule If you are new to trading 3x leveraged ETFs like TQQQ TNA SOXL FNGU, read: Why 3x ETFs like TQQQ lose money over the long term If you are new to trading inverse ETFs like SQQQ TZA SOXS FNGD, read: The risks of investing in inverse ETFs Disclaimer The information presented here is our own personal opinion. Consider it as food for thought. We are not offering financial advice. We are not promoting any financial products. We are not registered financial advisers or licensed brokers. We make no guarantee that anything will unfold according to our projections. You are proceeding at your own risk if you follow our suggestions. |
Archives
December 2024
Categories |
RSS Feed
|
|
Copyright (c) 2019-2024 LOOK Systems LLC
All rights reserved. |