Adding to TECS Long

This is a trading position so it's not meant to be the size of a full core position, however I figure this will bring it to about 2/3rds full size.

Here are the XLK (Technology ) charts, TECS is 3x leveraged short Technology when bought long.

I checked TECS and TECL for confirmation as well. You may recall I just featured XLK yesterday with the following comments

"The tops are almost always quite a bit larger and rounder. I "USUALLY" look for something like an "Igloo with a chimney. The Igloo is the rounding top (although it can take other forms) and the Chimney is often off to the far right rather than in the middle and that represents the head fake move or in a case like this, a false breakout which is typically an excellent marker for timing as they tend to occur right before a reversal for numerous reasons, one is starting initial momentum as new longs sell at a loss quickly."

Today would give us the scenario described above from YESTERDAY!

 Daily XLK/tech from the 10/9 cycle, if you look at yesterday's post you'll see the "Rounding Igloo", today providing the far right "Chimney". Volume is atrocious for a day like this on a breakout.

 Since I covered the larger charts and TECL/TECS yesterday, today I'm just more interested in timing and when it looks like underlying character of the asset is changing, it seems to be.

This is the 1 min intraday going negative.

The 2 min never even confirmed so there wasn't much strength at all as you can see by volume

And the 3 min with ZERO confirmation.