That Time We Shorted (SOCL) Global X Social Media ETF - Technical Analysis, Trade Recap!!

is in a company

this is a subdivision

sector

we also covered the tech index in this

video maybe i should pull that one up at

some point

i don’t know if it’s listed here

we covered the underlyings

we covered the country

now let’s cover social media the social

media index symbol socl consists of

social media companies

like facebook like twitter like snap

so i don’t want to spend too much time

let’s get to

where the charts filled out a little

more

i’m talking

exactly

where my cursor is look at the rsi where

my cursor is i’m not even going to move

it i’m backing up i’m backing up

look at where where my cursor is

you have an rsi descending it’s been in

a descending price channel for a while

the flag part it’s now broken out of a

bearish flag to the downside as you

would expect it to because it’s a bear

flag

i wouldn’t see a support until we hit

that 44.43

range that’s where i would be putting my

bid somewhere around there

what a crazy coin getting this line

lines up

basically right where we are looking x

marks the spot right

yeah this doesn’t look good this this

this is not solid actually if you would

have been in the discord you you would

have known about this for

like four months now

you would have probably been in this

initial push down that being said um

currently on route

down to buy area down down

as long as the patterns keep playing out

as expected

you know i see something like that

followed by

maybe something a little like that

what does that look like in percentage

terms

over 100 and that’s not just from

anything that’s from

a relatively major market index i was

gonna say

major things

come on that’s social media

that means major kennedy yeah i know

um

but yeah

see social media

so we looked at three underlyings snap

twitter

facebook

all of them unfolded

perfectly how do we think the social

index went

how do you think how do you think

flawlessly

take a look you saw them before

video filmed at 59

really we’ve been in there but

i guess you need to be in the discord

did i mention discord’s free by the way

you really have no excuse to not be in

there not hearing about the information

nobody’s hiding anything from you it’s

it’s blatantly out there

no one’s deceitful you’re i will show

you how the lines are put there why

they’re put there

boom

video was filmed at 59.99

59

all the way down to a current price

point of 32

32 that is damn near 50

in a major market index

massive

simultaneously selling off with

all the other indexes we talk about

today all the underlyings vea veu

japan korea

things are not coincidence they are not

random this could not have been more

direct of a route to be fair was very

direct on the way up there too

but

this stuff’s too easy bro

you could have literally just

bought shorts slept in for a year and it

would have been constantly printing you

wouldn’t need to wake up in the morning

look at your low float things

take a weekly trade that you can either

lose a crap ton of money on which most

likely will or or potentially gain some

money on based on a one percent move and

then worry about okay how am i gonna

gain my one percent move tomorrow how am

i gonna gain my one percent move

tomorrow waking up early doing all this

no dude no you put in the work

beforehand so you can indulge in the

luxury of time

after you know time is our most valuable

asset think about all the other things

you could have been doing

while this was literally printing for

you

while you’re afk sleeping you could have

been sleeping i love sleep that could

you could have been sleeping or you

could have been working a nine to five

like you know

making money there

two streams of income

i don’t know why

he would look at these things any other

way

with these very long spans of time if

you can keep a singular position

skyrocketing or just just moving from

point a to point b beginning to finish

for months and months and months on end

that’s way more desirable that’s way

more valuable than

some

bed bath beyond crap like