Below is a short video that explains my reasons for exiting our long position in the ProShares Short S&P 500 ETF. Normally I would suggest that you read through all of the material before entering any trades to your account, but in this case I’m suggesting you place the trade to exit the position first, so you are able to capture the profits before the price pulls back. Then you can come back and look at the reasons why we are taking our profits today in this position.
I’ve attached a PDF file below that explains all of the technical signals that prompted this alert today. Hopefully you will be able to get to your computer before the price starts to drop from here. This was a nice trade but I expect there will be better ones down the road. Have a great day.
