Thursday, October 20, 2011

SPXU Chart Request

SPXU is the UltraPro Short for the S&P-500
 Today's short term 1 min action-leading positive, this is the kind of day where I want to add to a position like this or start one.


 SPXU 5 min Leading positive, again almost any day this week in the lower white box, makes for a decent place to add on a high probability move, with minimal risk.

 15 min leading positive, it went negative earlier at the start of the rally around Oct. 4th

The 30 min chart is leading as well.


 I like to compare as much as I can, so here's the opposite of SPXU, UPRO which is the UltraPro Long S&P-500

If there's decent confirmation, it should look roughly the opposite of SPXU above.

 UPRO 1 min seeing distribution in to today's bounce.

 The 15 min is leading negative, whereas SPXU 15 min is leading positive.

And the 30 min UPRO is leading negative, the opposite of SPXU.

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