Good to have a plan, better to be able to improvise
If 46 (which looks weak) does not hold, then 39-40 would be 100% retracement and good support.
P&F chart shows the same.
6m chart
SPX has lots of air with lots of room to fall.
EDZ will make good short in good time.
Don't get caught without any undies.
Posted by
Unknown
at
10:05 PM
beanie,
Name you time frame and I will bet you that SLX or MOO will outperform PBW.
3 years from now:
PBW from 25 to 100 (hell yeah!)
SLX from 88 to 350
MOO from 53 to 210
NLR from 39 to 155
Which is more likely? PBW, back up 9 trucks.
Btw, PBW is an etf. Nothin wrong with 50% of your money in it. Just watch the sector and watch the chart for developments.
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