On shorter timelines there is upside, I hope. Backing out until I could see a clear pattern, on the daily timeline looks like we're on the start of leg C down after a nice 5 Wave up
A .236 retracement would have us bounce around $55.43
Sadly, I did my long term homework after the fact and missed the peak. Expecting to get SL'ed out and lose on a long UPRO position.
Pundits all shouting Bull, and I bit post election, but that's not what the trends show me. The numbers say S&P500 down for a bit (About 6% SPX/18% UPRO).
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
A .236 retracement would have us bounce around $55.43
Sadly, I did my long term homework after the fact and missed the peak. Expecting to get SL'ed out and lose on a long UPRO position.
Pundits all shouting Bull, and I bit post election, but that's not what the trends show me. The numbers say S&P500 down for a bit (About 6% SPX/18% UPRO).
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Nota
Stopped out today as it continued to fall. SPX/UPRO keep sucking me in only to spit me out. Nasdaq is my friend, S&P hates me.Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.