Was that the bounce? If it was, my longs are not going to do well and will probably stop out shortly. But in the event that the bulls are just getting themselves together and will put on an upward grind this week (as in a bear flag), a would-be bull flag setup is shown below on bear fund SPXS.
A classic post breakout setup is for a bullish flag to form down toward support. I am holding and even added to the HDGE fund noted in the NFTRH 286, but would look for more bear exposure per the likes of the above.
As with the Semi’s shown earlier, the good thing here is that the stop is cut and dry (subject to personal wiggle room tolerance).
Just another trade idea to keep in mind for those interested. I continue to recommend cash for most people in this market.
