In this weeks video, I review the EXACT levels to watch for.
Last week we got a really nice short – and as of now, it looks like it could be setting up again.
Please leave your questions and comments!
Dean
In this weeks video, I review the EXACT levels to watch for.
Last week we got a really nice short – and as of now, it looks like it could be setting up again.
Please leave your questions and comments!
Dean
Dean,
I know your watching the SP Cash market, will you be trading the SPY or SPXS ? thanks so much !
For S&P 500, I use SPY. SPXS is a 3X ETF – those instruments are OK for intra-day, but for longer than that (which my trades are) I don’t like them.
Dean
Please clarify your statement: So watch 2760, if we get above that we could be breaking down. Isn’t that contradictory?
Will,
Yeah, I didn’t use the best terminology. What I meant was that if it gets above ~2760, then the bearish correction is invalidated and we are probably heading higher.
So far this morning (8:15 AM PST on Monday, 11/19/18) the bearish correction is firmly underway!
Dean
Dean
Are you using SH or SDS, sorry to sound so dumb
are you waiting for the open, or do you trade extended hours ?
thank you so much for your thoughts !
Dee,
I only trade during regular market hours, not extended.
I trade SPY, both long and short. SH and SDS are both viable instruments to trade down moves on S&P 500 if you are unable to short (like in an IRA)
Most of my trades are executed using options and the SPY market is great – lots of volume and deep liquidity.
Dean
Dean,
thanks so much !
are you holding all this week, are you adding more to the shorts?
thanks,
dee