1. $SPXEW (or RSP) and $TRAN are suggesting more strength in the indices.
2 I think we make a lower low on the SP500 Monday or Tuesday, with positive breadth divergences.
3. This could be followed by a move to higher highs, possibly around 1500.
4. Subsequent to last update, I lowered NUGT cost to $14.8, and sold at 15.5 and at $16.25.
Now I legged back in at an average cost of $15.25 (full position). Will try to lower cost to $14.9 or so.
I also sold SPXU at 40.5 and bought back at average cost of $38.65. I plan to sell in the 42.5 - 43 zone.
2 I think we make a lower low on the SP500 Monday or Tuesday, with positive breadth divergences.
3. This could be followed by a move to higher highs, possibly around 1500.
4. Subsequent to last update, I lowered NUGT cost to $14.8, and sold at 15.5 and at $16.25.
Now I legged back in at an average cost of $15.25 (full position). Will try to lower cost to $14.9 or so.
I also sold SPXU at 40.5 and bought back at average cost of $38.65. I plan to sell in the 42.5 - 43 zone.
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