TSDD - Chart Link easy asfter the fact but
I had commented before that this look like it wanted another move
higher before TSLA earnings, it had that look - well playing
out
Matt I was always curious about this. How much do these inverse
ETF`s correlate in terms of price targets with underlying ticker
(sometimes these are 1.25X some are2x etc )
Posted by kingpin15 on 24th of Jul 2024 at 11:19 am
anything leveraged more than 1x will have issues with
correlating to price targets. They reset daily, so the math
becomes an issue.
tsla +10 one day to $110. Next day -10 back to $100.
The leveraged 1.25 or 2x tsla will not be back to
even.
TSDD inverse TSLA
Posted by matt on 24th of Jul 2024 at 09:37 am
TSDD - Chart Link easy asfter the fact but I had commented before that this look like it wanted another move higher before TSLA earnings, it had that look - well playing out
TSDD - Chart Link 60 in view
Update: TSDD inverse TSLA
Posted by matt on 24th of Jul 2024 at 09:51 am
TSDD - Chart Link- has some room to go higher if it wan'ts, which not great for TSLA.
Matt I was always curious
Posted by arun on 24th of Jul 2024 at 10:53 am
Matt I was always curious about this. How much do these inverse ETF`s correlate in terms of price targets with underlying ticker (sometimes these are 1.25X some are2x etc )
My advice is to focus
Posted by steve on 24th of Jul 2024 at 10:57 am
My advice is to focus solely on the underlying ticker not any of the leveraged ETF's
anything leveraged more than 1x
Posted by kingpin15 on 24th of Jul 2024 at 11:19 am
anything leveraged more than 1x will have issues with correlating to price targets. They reset daily, so the math becomes an issue.
tsla +10 one day to $110. Next day -10 back to $100. The leveraged 1.25 or 2x tsla will not be back to even.
Now that you point it
Posted by steveo on 24th of Jul 2024 at 12:54 pm
Now that you point it out, the obvious becomes obvious. LOL
Correct - focus solely on
Posted by steve on 24th of Jul 2024 at 11:22 am
Correct - focus solely on the underlying instruments for valid support/resistance
Yes That makes sense. Thanks
Posted by arun on 24th of Jul 2024 at 11:23 am
Yes That makes sense. Thanks