09/16 – ETF Trading – SPY, SH, SDS

SPY closed higher yesterday and you took your first short position in the etf trade. For the inverse trade, you took your first long position in SH or SDS. Updated charts are posted below.

As mentioned yesterday, we’ll scale in with up to three 3 positions. So, take a second trading position should SPY close higher today (SH and SDS would close lower).

Following our inverse etfs, our exit signals for SH are triggered when the closing price for SH is higher than it’s 5 day moving average, or – for a potentially larger gain – when the RSI 2 is greater than 70. Trade SDS similarly.

All trades are at the market close. Please trade responsibly.

Learn why the S&P 500 index is now a good short etf trading opportunity in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have only a few rules and you’ll be able to back-test and apply the strategies to the next trading day.

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