We all have our trading ideas and methods. For myself I'm amazed at the sheer number of trades of various markets that are popping up on my radar and one of them is a short, the only one actually.
The S&P500 which I class as overbought.
Being where the index has never been means there are almost no indicators that can be used to track potential moves. There is strong buying in dips and it's progress is powered by enormous buying pressure. However there is one method that I use and that is an inverse (short) eft the SPXU.
It is telling me that the index is likely to go over 2000 and them bellyflop within the next few months.
I'm always on the look out for mirrored techniques or the mirrored inverse of the reverse.
