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BETAPRO SP500 VIX ST FTRS 2X DLY BULL T.HVU



TSX:HVU - Post by User

Post by TheCapitalistBearon Jun 06, 2013 9:25am
161 Views
Post# 21491582

Bounce

Bounce

Looks like the bounce occurred overnight. Actually not as much of a bounce as I was hoping for. If we race to the 1590-1600 area, it's likely that we'll run out of steam and not break through it. A bounce to 1620-1630 would have been nice to really start another strong move down.

I'm holding HVU (7.69) till 1590-1600 and evaluating from there. We could definitely break through and head on down to ~1530 but we could also find support at 1590. The charts will lead us from there.

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