Friday, December 6, 2013

Adding to SPXU Long

SPXU is a 3x leveraged short SP-500 ETF. This will bring it up to about 3/4s of a full size position from half.

This is basically used as broad market exposure or market directional.

 Intraday today, a strong leading positive divegrence.

Also intraday 3 min strong leading positive divegrence

The mid term timeframes are there like this 15 min leading positive

And the long term timeframes are there, 30 min leading positive

60 min leading positive and I didn't do a great graphics job, but I'd says that's one heck of a large reversal process.

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