Quick Update

Still sticking with the SPY Calls for a short term pop, still sticking with the 2-3X leveraged bear/short ETFs for the longer move down after I expect.

As far as getting myopic, the intraday charts I care about for the pop up are still in good shape, the intraday 1 min chart for the SPY is looking a little thin, it does have momentum on its side though and that is emotion so that can trump short term technicals.

Here's what I mean...

 The NYSE TICK (green) vs the SPY (red) look to the far right.

 As the SPY makes higher highs, the TICK is not making higher highs, meaning fewer stocks are making a higher high than the previous high, this is VERY myopic, very intraday , but it may be helpful for anyone day-trading in the UVXY position or others.

SPY 1 min with a very slight intraday negative divergence here.

This doesn't have any bearing on the bigger picture for even the short term move that the SPY calls represent, just for EOD trade.