Hi, all.
I'm looking to short the S&P 500 index (SPX, or long a reverse index like SPXS or SDS) and was wondering if I have your support.
My main reason for this decision is from the MACD graph. As indicated above, we're on the brink of a reversal and hardly ever has this indication been incorrect for this index. I'm expecting it to fall down to around $2500 by the end of the month, and will be longing SPXS for triple leveraged ETF returns in such a case. Of course, we could expect a little more bullish movement before the crash, but only up to around $2850-$2900.
Thanks for reading.
I'm looking to short the S&P 500 index (SPX, or long a reverse index like SPXS or SDS) and was wondering if I have your support.
My main reason for this decision is from the MACD graph. As indicated above, we're on the brink of a reversal and hardly ever has this indication been incorrect for this index. I'm expecting it to fall down to around $2500 by the end of the month, and will be longing SPXS for triple leveraged ETF returns in such a case. Of course, we could expect a little more bullish movement before the crash, but only up to around $2850-$2900.
Thanks for reading.