3 Charts Set Up To Go Lower

• Posted by Greg Harmon
• on April 3rd, 2013

The stocks in the post are the inverse of the $SPY, $IWM and $QQQ. I have posted the results as well. Majority feel these are bearish with SPY the worst, meaning on an inverse basis the ETF’s are seen as bullish.

I know, I know, I have been the unwavering bull. What am I thinking even looking for set ups that look opposite to that? Have I finally capitulated and become the bear waiting for the correction to happen? Maybe. Looking at these 3 charts though I cannot stop thinking about a move lower. For obvious reasons I have disguised them until I can get my entries, but I wanted to share them with you and see if you agree that they are sweet short set ups. There is no obligation to sign up for my service to see what they are, but I will welcome you if you do anyway. Just vote under each chart bull – bear – neutral. All have the 20 day (pink) 50 day (blue), 100 day (red) and 200 day (green) Simple Moving Averages shown for reference. Let me know what you think. If you think you might know the stock feel free to put that in the comments too.

Inverse SPY

Initial Results: 88% Bear, 9% Bull, 3% Neutral

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Inverse IWM

Initial Results: 66% Bear, 14% Bull, 20% Neutral

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Inverse QQQ

Initial Results: 58% Bear, 11% Bull, 31% Neutral

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If you made it this far, thanks for showing interest in my product and congratulations. The charts are the SPY, IWM and QQQ inverted.

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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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