Daniel Mankani "DynamicTrader – Trend Trading Dynamics" Trading for a living, systematically profiting from longer term trends.

1Jul/160

Inverse of SPX.

WhatsApp-Image-20160701The above chart shows SDS, which is the inverse of SPX. Its an ETF at the highs of 2009, while stocks were at the lows, it traded as high as 100. currently decimated at 17.85, it needs to break above 18.40 closing for the week, and target 19.22 by early next week, For the month of July, the max upside target is 23.50, which means stocks {SPX} will see lower lows beyond what we saw a few days ago.

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