SPX could correct all the way to the 3,683 level, which is the 100-day moving average on the daily chart. 200-day MA would be the 3,466 level, but I don't think there's that much air in the market.
The last 3/4 times the SPX has hit the 100-day MA on the daily chart it has bounced back. Seems the probability is higher than it falling below.
P.S. you can protect the downside of the S&P by using SPXS, which is triple leveraged to the downside of the S&P. So if you see the SPX begin to freefall again on bad news or the 10-year treasury yield surging higher again, it might be worth a trade.
This is not investment advice, always do your homework, and gauge your risk properly. Be careful out there traders, cheers!
Here is a chart of SPXS compared to the SPX on a 15m chart.
The last 3/4 times the SPX has hit the 100-day MA on the daily chart it has bounced back. Seems the probability is higher than it falling below.
P.S. you can protect the downside of the S&P by using SPXS, which is triple leveraged to the downside of the S&P. So if you see the SPX begin to freefall again on bad news or the 10-year treasury yield surging higher again, it might be worth a trade.
This is not investment advice, always do your homework, and gauge your risk properly. Be careful out there traders, cheers!
Here is a chart of SPXS compared to the SPX on a 15m chart.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.