Here is a super bearish setup called a tri star. Its almost laughable, this market is so distorted noting works anymore just close your eyes and buy, that's what works.
No not long. I did own spxl soxl and erx on the huge once in a blue moon dip which I sold way way way to early...could have made thousands if I held onto those positions just 10 days longer....bought tvix when I saw that the Dow was up over 130 points last week on Friday and volatility was barely moving to the downside...out for a few bucks but will get back this time under $2.60 if it does get there....if these markets were to sell off hard you are looking at an easy 100%+ gainer on tvix. Went from $2.50 to over $6 just last month.
If the ecb does QE I will just laugh.... It literally has become a comedy show now with every country throwing stimulus into their economies to prevent a slowdown...when does it end...when do people wake up and realize what is happening ..wait till the collapse takes place and everyone is running ...its going to happen, it always does.
CHA CHING $$$$$$ FREE MONEY FOR ALL......JUST BUY ANYWHERE IT WILL GO HIGHER. AND JUST TO PROVE IT BUYING 5 DEC YM AT 17390
Now notice today...markets will open higher and either trade up between 50-100 points all day or drift to historical highs by the close where the Dow closes up anywhere between 130-200 points higher....yesterday Dow down almost 100 but closed higher. Lets see if it opens up and closes lower, highly doubt it.