RK0948
2022-11-03

$SPXS$

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

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Comments

  • MortimerDodd
    2022-11-06
    MortimerDodd
    You're right. Near 21 is a critical location for it.
  • DonnaMay
    2022-11-06
    DonnaMay
    It's time to be optimistic about the future performance of the SPX.
  • BellaFaraday
    2022-11-06
    BellaFaraday
    Shorting SPX is a bad bet right now.
  • Maria_yy
    2022-11-06
    Maria_yy
    I feel like SPX is coming off the bottom.
  • ElvisMarner
    2022-11-06
    ElvisMarner
    Hopefully, SPXS will find support below.
  • Siakhwang
    2022-11-03
    Siakhwang
    Ok
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