Weekend Sept 8, 2024
No one likes to see a position go against them but how to position. Clearly the bear funds took off last week, Here is the 120 minute two hour chart for PSQ, and SH looks the same.
The PARSAR blue dots display a three waves up with three probably ending now. Two was sideways so four is liable to be deeper to the downside. I expect the buy the dip crowd will be out in force tomorrow Monday. That pullback to a fourth wave low should be a better entry. After a fifth wave up, that fourth wave low should provide support for a larger post fifth wave correction.
Pro Funds offers a variety of short and long ETFs as well as mutual funds which will work in a 401K, take a look
https://www.profunds.com/
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