RE: US Stocks Breakouts & Breakdowns - SP500, NYSE, & Nasdaq Stock Charts
I am going to put a test short of the S&P 500 on today if my broker will actually let me, at half my normal position size, with the aim of adding to a full position size if it works out, as I believe that we are around the pullback entry point in early Stage 4, but with no confirmation as yet. However, currently they won't let me short it - I'm using the XSPD.L which is the only standard S&P 500 short that I can find on the London Stock Exchange. But I keep getting a message saying that "Dealing is restricted on this security at this time".
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Update: I've managed to do it. There are two etfs for the XTRACKERS S&P 500 INVERSE DAILY UCITS ETF. One listed for in USD which is the XSPD and one listed in GBP which is XSPS. So i needed to use the XSPS and have put on a half position that's risks 1% of my account.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.