$SPXS$

10 Seconds Sharing :  Balance the portfolio by SPXS 

Generally, Players will be insterested to hold SPY during S & P 500 heading Uptrends.

Some or partially Players will consider Put Option during S & P be Downtrends but Option is a bit risky for some Players 

Perhaps SPXS is another selection 

What the Chart is showing :

1. $23 +/- are the crosing of MA5 / MA10 / MA60 / MA100 except MA30 ($26 +/-)

2. The bottom / supporting (recently) is near to $21.9 +/-; it seems the turning is around 

3. M Sharp is formed and the 2nd leg is be able to seeen.. 

4. If Prediction or the flow is correct, SPXS will climb up and test $26 (MA60) again soon or break $26

5. The Point 4 condition is due to the uncertains are coming again after the Fed meeting & the speech.. Logically, some Playera will reduce the holding since the others share prices are higher than 2 or 3 weeks ago... S & P 500 maybe slightly adjust & test 3600 again 

6. Some Fund (Call) Houses: may take some profits due to Q4 and will not make it in Dec

  (Note: Call / Long = will take / hold the assests be long duration)

7. Some Fund (Short) Houses: may take the opportunity to Short at High Position 

(Note: Put / Short = will take / hold the assests be short duration due to complete the transaction be fast)

Suggestions:

- due to those unforseens, if Players do not want to sell out or reduce the holing volume

- it is no harm to balance the portfolio during the current status

- Supporting: $23 +/- (once break: stronger is $21+/- and the strongest is $17+/-)

- Resistant: $26 +/- (MA60); once break: the next destination may be $27.8 +/-...

Remarks

- Strongly Advisble: Self Study, Analysis before any action

Thanks for Reading & Welcome for any different opinions

Just Share Only

No Right or Wrong