In a previous analysis, I mentioned SPX usually corrects to its 50 days EMA and bounces back from there.
It also has another short time frame cycle, the past 4 corrections have touched 50EMA in 21 days cycle:
In case the same pattern is going to repeat in the next 10 trading days, we can buy SPXU (3x inverse ETF) to make a 6% gain while we risk 1% (if Stop-loss triggered):
Mosh
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
It also has another short time frame cycle, the past 4 corrections have touched 50EMA in 21 days cycle:
In case the same pattern is going to repeat in the next 10 trading days, we can buy SPXU (3x inverse ETF) to make a 6% gain while we risk 1% (if Stop-loss triggered):
Mosh
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.