Replies to post #325 on Direxion Daily S&P 500 Bear 3X Shares (SPXS)

[mx10001]

Thanks for the suggestions. I have started adding March $5 and $6 Calls. The worst of the pandemic is supposed to be beginning in 2-3 weeks, and then intensifying through at least January and February, and into March. The shock to the economy will be greater than expected. The death toll will double from here to well over half a million before enough people are immunized to stop the spread.

I am no longer expecting a crash, but a 10% correction in the next month or two seems likely. I do not expect the SPY or DOW to maintain today's highs or continue upward, but who knows in the short-term.