TSX HSU S&P500 2X BULL ETF
Closed my long position from 8 days ago with 3.88% gain
I'm not holding out hope that we will retest the May 21st high anytime soon.
I see more ranging ahead or even the long anticipated 20% correction before end of summer.
I'm now on the lookout for a short entry point using HSD.TO 2X Bear ETF.
S&P 500 Long Mistake - Closed Too Early
I held a long from yesterday and was expecting a bit of a rally today but not a full retrace of yesterday's dump!
Got skittish halfway up and closed once the morning rally fizzled out momentarily.
In hindsight the hunch to relong was right. Trade and learn.
Failed to break today's opening high on last minute push up by end of trading session.
Confirms that opening high is the top of a head and shoulders which is forming.
Trendlines set up the right shoulder's peak and eventual bottom next week.
Long overdue correction afterwards with a conservative short profit target of 3%+ however there is no bottom.
