HDGE, Bullish Phase Review!

HDGE-May-12-2016

 

This HDGE ETF  has made a beautiful run up, but a spike has also shown itself. As you can see we have many spikes that form and I target these patterns with potential wave counts. I have included a wild expanded pattern, but that will get trashed as soon as we see what type of HDGE correction we are going to get. 

Anymore extreme bullish runs in stocks will give us a bearish move with HDGE. The thing is, it doesn’t have the much room to fall before it can hit inverse stock split territory.  The further HDGE heads north the less of a chance there will be for an inverse stock split. Short term I have to be bearish with HDGE,  but not in the long term.  

The VIX suggests the fear factor can head higher so this would all be negative for stocks.