TRENDLINE BROKEN — RAISE CASH AND HEDGES, SMART MONEY SOLD INTO THE STRENGTH $DIA $DJIA $GLD $QQQ $SLV $SPX $SPY
To gain an edge, this is what you need to know today.
Trendline Broken
Please click here for a chart of S&P 500 ETF (SPY).
Note the following:
- We had previously shared this chart with you before the trendline was broken. The objective was to wait for the trendline to break for confirmation.
- The trendline is now broken.
- The volume is higher on down days.
- Consider raising cash and hedges. Please see ‘Protection Bands and What To Do Now?’ section below.
Option Gambit
Reports have surfaced that Masayoshi Son of SoftBank (SFTBY) of Japan may have orchestrated a one-way aggressive bullish bet using options on $50 billion worth of momo stocks. … Please click here or the title below to read more.