S&P 500 has had a tough go in Q1 2022 and looks to continue it's correction given the broader macro-environment and economic headwinds.
Upside opportunity if a market correction similar to the black swan event in March of 2020 would be greater than 1,000%... even a smaller correction as the Fed tightens in the short-term has potential to deliver phenomenal gains.
Looking at OBV and moving averages, the downside to SPXU is quite manageable relative to the upside.
Because this is an inverse relationship to the S&P, it's shorting the S&P but it is LONGING $SPXU.
Upside opportunity if a market correction similar to the black swan event in March of 2020 would be greater than 1,000%... even a smaller correction as the Fed tightens in the short-term has potential to deliver phenomenal gains.
Looking at OBV and moving averages, the downside to SPXU is quite manageable relative to the upside.
Because this is an inverse relationship to the S&P, it's shorting the S&P but it is LONGING $SPXU.
