As I stated I am using SPXU, a 3x short ETF as the vehicle for this trade. I think it is very important to point out that SPXU is not SPX. Nonethless, SPXU is a tradible fund. take a look.
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This blog is in two parts, one my thoughts on the market and two, develop a trade strategy that I’m calling “Divergence Trade of 3’s”. This is my attempt to bring everything I’ve learned into a tradable system. Taking the key importance of things like Elliot Wave Principle, Fib retracements, Indicators (CCI, MACD, STO, ADX, RSI), Trends or Channels, Trade zones, Divergence and most important the relationships of different time frames I am going to attempt to tie them together.
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