Volatile Times and Short Term Position Trading 3x ETFs. Message Board

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Strategies & Market Trends : Volatile Times and Short Term Position Trading 3x ETFs.

SPXU 49.51

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Jan 2 4:00 PM EST

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To: Woody who wrote (89)	3/6/2020 7:07:42 PM
From: Doug R	of 4366

Nice footwork. What do you expect are the prospects for another recycled hitch? There's still room to the downside that would build this attempt deeper without a price blow-down (lower low). And the "too steep" signal is still not yet ruled out. Monday down should mean Tuesday up. But Monday down also still leaves the "too steep" signal in play making Tuesday possibly post-signal day 3 which would be down. Now, since "too steep" is highly unlikely, Monday down, Tuesday starts an upward limp to set up for the signal. Unless there's another reset ahead. Trading the hitch activity does require your kinda footwork. The signal is much more straightforward.

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