$SPXU looking like one of the cleanest setups rn which... yeah that's not exactly bullish for the broader market lol
For context - this is an inverse ETF so when it pumps, SPX dumps. And it's setting up nicely.
Targets are intentionally ridiculous (doomsday scenario type stuff) but honestly? Having this as a hedge makes it way easier to sleep at night with long positions.
Basically insurance that doesn't feel like throwing money away. If markets rip higher, cool, my longs print. If we crater, at least this cushions the blow.
Not saying we're doomed but when the inverse ETF chart looks this good... probably worth paying attention 👀
For context - this is an inverse ETF so when it pumps, SPX dumps. And it's setting up nicely.
Targets are intentionally ridiculous (doomsday scenario type stuff) but honestly? Having this as a hedge makes it way easier to sleep at night with long positions.
Basically insurance that doesn't feel like throwing money away. If markets rip higher, cool, my longs print. If we crater, at least this cushions the blow.
Not saying we're doomed but when the inverse ETF chart looks this good... probably worth paying attention 👀