Expect the unexpected.... HVU may see 10% pop tomorrow....Increased concerns on forward earnings guidance within the SP500 should push it lower on higher volume.....
The 2130 level will present serious resistance and we see SP500 move back below 2100 very quickly....Volumes have decreased dramatically on this recent push higher which tells me the smart money will be very cautious going forward....
I took a 10k position between $4.34-$4.36 with expectation of run back to $5 by mid next week or sooner. Prepared to add if SP500 floats between 2130-2150 as I believe smart money will add protection on the further move higher.....VIX should spike soon.....