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TFC Commodity Trading Forum

Re: S&P Crashing/No Secret

Well the trend is down and the trend is your friend. So the SPXU is a good bet. The key is the recent low at 1119 on the SPX. "IF" that breaksdown all hell will break loose. If I had a gun to my head I'd likely bet on a breakdown with a stop somewhere above 1120 that is safe. Wait a minute...there are no more safe stop loss price points,lol..... But if you hear some bullish b.s. news over the weekend out of Europe or the U.S. that is easily created out of nothing and a strong Sunday night session then prepare to exit SPXU and buy SSO. Or if this rallies Monday TNA would be a bigger bang for the buck. If it breaks down TZA would be the ticket. Or when in doubt get out and stay out until there is some sanity in the market where you can actually place stop losses that work.