Get started
IlyasMillionaire

SPXS Short after Unusual Volume and Hitting Resistance

Short
Direxion Daily S&P 500 Bear 3X (AMEX:SPXS)  
IlyasMillionaire  
AMEX:SPXS   Direxion Daily S&P 500 Bear 3X
Trend Analysis price action spxshort SPXS Bearish Patterns
1
0
trendanalysis price action spxshort spxs bearish
High volume and long wicks on 11 October indicate that the trend might reverse anytime soon.

After a second push upwards and hitting a resistance at around the 27 mark the trend is showing weakness. This can be seen by a long candle body with regular volume.

Short at 27. TP at 25.5
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.