While it is better to chart the index than a 2x inverse ETF, the
SDS 60 minute chartlooks
like it is setting up to move higher. Positive divergence on RSI 5
and CCI 10, MA ribbons starting to pinch, OBV at overhead trendline
resistance, 14 period stochastic has broken above 20 while 60
period is approaching its 20 line. Gap above price is resistance,
but given the topping action in $SPX, I may initiate a small
position.
SDS 60-minute While it is better
Posted by CopperMtn on 30th of Apr 2020 at 10:58 am
SDS 60-minute
While it is better to chart the index than a 2x inverse ETF, the SDS 60 minute chartlooks like it is setting up to move higher. Positive divergence on RSI 5 and CCI 10, MA ribbons starting to pinch, OBV at overhead trendline resistance, 14 period stochastic has broken above 20 while 60 period is approaching its 20 line. Gap above price is resistance, but given the topping action in $SPX, I may initiate a small position.
Thoughts?
You could have applied same
Posted by xxkumarxx on 30th of Apr 2020 at 11:15 am
You could have applied same login from 7th to 15th or there abouts and had a losing trade. I personally not ready to jump the gun on short side.