SDOW 4H Im very bad at predictions NORMAL RESISTENCE/SUPPORT IS GREEN LINE OVER THAT IS BULLISH TERRITORY UNDER IS BEARISH TERRITORY to go up VOLUME HAS TO BE OVER 340K RSI HAS TO BE BETWEEN 35 AND 70, 57+ IS VERY BULLISH WHEN TOUCHING 400MA over green line, this is gambling short term between 200ma and 400ma is a healty normal goal inside triangle, is a safe...
I laid out all the details in part 1: But let me repeat my disclaimer: This is a very complex and volatile investment and should not be traded.
update SDOW has broken out of the falling wedge heading up now, 1st TP $50 area
I noticed a few things happening in the markets. 1. The DJIA has dropped from 29k all the way down to 18k in couple days. 2. SDOW has hit record lows while DJIA puts in lower Highs 3. VIX is still above 30 and has been above 60 during this crash. The market is pumped up by all these stimulus packages the Don keeps creating, but is still struggling to get back...
looks like 1-2 more weeks b4 bulls get bent over and squeal like a little piggy.
One week trade for Inverse Dow Bear X3 based on high PE>22 and Covid19 Scare
Looks like a huge descending wedge, seems like they're going to continue to push the Dow higher, but I personally don't see much more room to run past 28500. I like the 3X weighting on this position for a short play to hedge against any downturn. I do believe we may head to higher highs and push this market through Q1, but I'm not confident we can keep it afloat...
TF assignment. Descending Wedge Pattern on 3x Short Dow ETF. a long position recommended
Look for a potential 5%+ return on SDOW as it can make a push up to the 180 day EMA. The DOW has been overbought which make SDOW a good buy opportunity because of correction.
Don't forget to take advantage of your Bear ETF's tomorrow morning, it's the easiest way to short. Consider also SPXU and SQQQ if you like 3X (among many others); it appears to have only just begun.
The SDOW is testing the 50EMA. We are near highs back in 2018 possible for a double top for the market. A panic drop could occur. Could play this if it breaks the 50EMA.
still watching this one, waiting for the right time to jump in.
still watching to see if it pops.