Thanks for the large response from around the world. Good to hear from so many of the regulars again and great to hear from you first timers.
Below is the quiz chart from Wednesday (See quiz post here)
CLICK ON CHART TO ENLARGE
Below is the answer to the quiz and a strategy of how to use a 1X inverse ETF due to this pattern…
CLICK ON CHART TO ENLARGE
Quiz Game Plan…With TLT just breaking the line at (1) the game plan would be to pick up TBF (TBT if more aggressive) with a stop just below TBF’s falling resistance at (3). If wrong the loss on TBF would be around 2%!
Thanks again for the huge response. Around 40% picked up that this was either TLT inverted or it was a chart of interest rates.
My plan is to do a quiz each week going forward if quality looking opportunities look to be at hand. All the best to each of you and am looking forward to more quiz’s that can add either education, value or both to your portfolios!
Great call Chris! It’s still early to see where this trade goes, but I picked up TBF yesterday at $31.96 and there was some nice upside action today!
Love your work and thanks again for sharing these great ideas with your readers!