Hayekian_Fibonacci

Short SPX 500 Next 2-4 Weeks

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AMEX:SPXS   Direxion Daily S&P 500 Bear 3X
Clear sell-off in process. Looking for previous support levels to be reached.

In the next two weeks I see a pullback for SPXS right after SPX finds a brief bottom and consolidates for a short bit my target buy for SPXS is the 21’s and my Target sell is $25.

$29 SPXS coincides with ~2550 SPX. This is possible by Mid-July. (4 1/2 weeks).

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