The market made its move today, with the S&P 500 breaking it’s support level and closing at a 5-year low.
On Sunday, I posted some charts of the inverse ETF’s. For example, here’s SDS:
Although these weren’t on the Watchlist with entries, they have proven to be good trades in this market.
Take a look at the VIX. […]
More choppy action, but nice to see the market rally on heavier volume into the close, unlike the last 2 trading days. As you can see, the S&P 500 rallied to close above its support level. It’s possible that we could get a small bounce here, but the overall pattern remains bearish.
The main reason I […]
Today was quite a choppy day, and a frustrating one for many traders. The market sold off hard into the close yet again, and the NASDAQ made a new lower close in this bear market.
Although I mentioned in last night’s post that I was going to be tinkering with the format and post more charts […]
