For over a decade now we have fallen. Bull run is coming and it will be around the corner in the moment least expected. Stock market can not go up forever. Reset is coming and I will be hedging with this instrument.
Upper line of Bollinger band
Short Entry 15
Stop 17
Target 12
reward:risk=1:1
with high probability
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
THIS LOOKS LIKE A NICE RISK OFF PLAY TO ME. THERE IS A GAP TO FILL AT $22. COUPLE THIS WITH IMPLIED VOLATILITY FROM THE VIX INDEX AND THIS BET WILL GIVE HANDSOME RETURNS.
Not much to say here except, the Fed and the PPT have done a masterful job at what they do best..."extend and pretend". Cycles analysts indicate that a crash window is in August. EW analysts also see the overall picture remaining bearish. Reality seems to underscore that as well. This chart may fit the August crash projection.
We have artificially propped up market condition with high prices and low volumes on any matrix. Financial sector is not untouched by it. Recent rally in financial sector feels more like a speculation than value investment. But we're all allowed to speculate so power to all market participants.
However the rally calls for pullback and there's a easiest trade...
The Fed continues to fight against the forces of nature. Chairman Powell has been saying the system is under tremendous financial stress, while later saying there is "a lot more they can do". In reality, this is just more of the same manipulation, and the classic "extend and pretend" maneuverings that only buy a little more time. The problem of course is that...
I see no reason why anyone would short this unless they are the market maker looking for a better entry price to flip long. Everyone else, it will either go up from here on, or at the very least it will bounce back to this price from any dips. This is a relatively quick trade only, long term moves do not work on these leveraged Etfs. Tighten trailing stop more...
Fed Chairman recant on Dovish hints seem to correspond with the anticipated break DOWN of the S&P and the break OUT of FAZ. While the move out of multiple symmetrical triangles does confirm the upward trend for FAZ, it would have been ideal to have a solid close in within the upward channel, and was just a few points below it. To be more certain we will need...
I can't help but understand this delayed continuation of the drop in financial markets from the perspective of unprecedented Federal stimulus. It seems overnight, the futures markets are getting gunned up by the Federally funded algorithms. This creates huge gaps artificially pushing the markets up in one of the longest bearish ascending wedges we have seen. ...
We hit a new low since my last post, but we are back up over the previous 52 week low. I am still suspicious of that new low invalidating the trend structure indicated by the bull flag pole in March 2020. I blame it on the fact that this ETF is leveraged and also because it is a basket of currencies so it will express a "distorted" and "exaggerated" price...
I have revised my last view after looking more closely at historical levels. One that is still clear, is that FAZ is respecting both the 52 week low as well as the the all time low. For 12 years FAZ has not breached $23.01, even though it has recently fallen to 24.16 in Feb. 2020. The bears are holding the line! This squeeze is going on longer than some of us...
Novice technician here, but this is what I am seeing. It seems pretty clear the market structure has changed toward the upside with the crack cocaine of ETF's, FAZ ,in a clear break out. After FAZ's break out in May, it has followed through in an overly extended correction, and has been going sideways for the last few weeks forming a symmetric triangle. Within...
The biological crisis has stabilized, but the financial crisis is just beginning. True, the Fed has been injecting huge amounts of money into the financial system via repo and treasury and mortgage bond buying. In just a few weeks we're doing more QE than we did over 8 months back in 2008. That should help prevent outright bank failures, but there's still going to...
