SDS - see if support

    Posted by roger on 4th of Nov 2020 at 12:28 pm

    SDS - see if support holds or not

    support holding for now but

    Posted by roger on 5th of Nov 2020 at 02:51 pm

    support holding for now but  friday has a history of being up days

    If I have the daily chart labeled right, price is sitting on 5 which is an odd number and that is a reversal number.  If that doesn't hold then a parallel blue line is next making a channel.  Everything is o\s but can go more oversold.

    The blue line on the $CPC SPY chart  is parallel to the red top rail so that is probably more likely, imo.  Plus the put\call has that inverse h\s that looks like it has further to go.

    Information overload probably

    Thanks I added a basket

    Posted by kalkgrun on 5th of Nov 2020 at 03:03 pm

    Thanks I added a basket of hedges SDS, TZA, SQQQ, VXX. 

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