As mentioned just before the minutes, the 3x long SPX, UPRO was not looking good in to the minutes release. Since the minutes and a very minor reaction, not a knee jerk, the negative divegrence of one of the last market updates has continued. I'll be posting charts next as well as looking at specific assets to se if this may indeed be that crack after the Nikkei's crack and dead cat bounce and yesterday's apparent head fake move.
5 years ago
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