Chart Details
Price on Daily keeping yellow support. Best entry would be close to yellow support (on pullback).
Bullish price action – higher highs and higher lows daily.
Gaps to fill up to $37.
Conservative price target of $32 to fill first gap.
RSI channel is our guide to enter or exit until channel guides are violated.
Opinion
I had three hedges for market downturn in play, instead of taking specific bearish plays on SPY for example.
GDX, SCO, and SPXS have all been good hedges when purchased at correct time (market ATH's with weekly RSI over 80-85)
With coronavirus, oil conflicts, Iran, market overpriced, negative interest....yada yada...there are a number of bubbles or events ready to pop.
About Me
www.moneypatterns.com
Options Strategies, Video Technical Analysis, Instant Alerts, Specific Options Order Entry Details, Daily Updates, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area!
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts and on www.moneypatterns.com
Price on Daily keeping yellow support. Best entry would be close to yellow support (on pullback).
Bullish price action – higher highs and higher lows daily.
Gaps to fill up to $37.
Conservative price target of $32 to fill first gap.
RSI channel is our guide to enter or exit until channel guides are violated.
Opinion
I had three hedges for market downturn in play, instead of taking specific bearish plays on SPY for example.
GDX, SCO, and SPXS have all been good hedges when purchased at correct time (market ATH's with weekly RSI over 80-85)
With coronavirus, oil conflicts, Iran, market overpriced, negative interest....yada yada...there are a number of bubbles or events ready to pop.
About Me
www.moneypatterns.com
Options Strategies, Video Technical Analysis, Instant Alerts, Specific Options Order Entry Details, Daily Updates, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area!
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts and on www.moneypatterns.com