I'm not convinced on the short term SLV charts to take on the leverage of an options play, but this 15 min SLV chart has me pretty confident of SLV making a move higher, AGQ has 2x leverage, but any draw-down waiting for the move to unfold is not going to be significant and I can ride it out in AGQ whereas an options position would be a nightmare.
The chart...
I'll probably take about 2/3rds a normal size position, leaving some room to add and some room for drawdown if it comes. That's a 15 min chart and the kind of divergence I don't ignore-ever!
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