SPXSDivergence. Money!
When spy dumps, this should rise. Made a higher high on indicator, and higher low on chart.
Key stats
About Direxion Daily S&P 500 Bear 3X
Expense ratio
1.07%
Home page
Inception date
Nov 5, 2008
ISIN
US25460E2651
SPXS is an extremely aggressive bet against the S&P 500, promising to provide -300% of the index's return for a one-day period. The fund, like most geared inverse products, is designed to deliver its 3x inverse exposure to the S&P 500a cap-weighted basket of 500 of the largest firms in the USfor 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. If the fund is held more than one day, your position will need to be adjusted daily to maintain the -3x multiple. Investors should be comfortable with not just the mechanics of the portfolio but the counterparty risk it takes on to get its exposure: SPXS holds swaps on the index to achieve its goals.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
SPXS callWhy:
1)This one is way oversold.
2)The indicators are at extremes not seen for a long time.
3)Bought April $6 call for $5.75, the premium was only 9 cents.
Bullish IdeaI feel this is a good play because I believe the market ( AMEX:SPY & SP:SPX ) to be in a correction phase of up to around 10% from its most recent weekly peak. I like the idea of AMEX:SPXS bear shares, not only because it behaves the opposite of SP:SPX , but because it's triple leveraged and yo
Bear Flag APEX TradeIf you follow my charts, you know I have targets for 4750 & 4900 for sp500 futures all have been confirmed w/ the AD showing Ascending Triangles to those targets. And the AD has also confirmed $475 & $493 for AMEX:SPY etf. I encourage bullish traders to bull all dips.
Another Tale is the Bear Fla
sp500 3x bear waterfall if closes below 14.80the 3x bear etf , has a bearish waterfall set up w/ a close below $14.80.. Thats 10 cents from current price action of 14.90, think about that for a second.. sp500 goes parabolic if the bears gives this up . If you're bullish, you want to see this capitulate
SPX 3x Short ETF Hedge PlayThe SPX looks like it is ready to give us a moderate pullback so I will be playing this via multi-week call options on this 3x-Short SPX Bear ETF
bullish ABCD pattern set up 1st target 17.35, 2nd 19.12 based on the bullish abcd pattern set up.. 1st target is above the .382 fib level for the 1st abcd pattern set up . It also correlates to the sp500 futures min retrace to 4160
short the C leg of the bullish cypherthere is also a rising wedge into a trend line resistances. The B leg of the previous bearish cypher acted as inital bounce area, as a result I see a future spy rally set up into the close today. This can also push $spy for $400+ $4080 SPX
added looking for $19 areaadding this morning as I anticipate sp500 futures along w/ spy to sell off the rest of this week. im looking for B leg retrace on the bullish cypher near the .382 fib level
SPX SHORT (SPXS LONG) Shorting the SPX with SPXS (x3 leverage). Eyeing $21usd+ for first take profit and then let it ride from there. I believe we could go up to $35usd +
SL: $17.02
See all ideas