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



TSX:HVU - Post by User

Post by RichyRich$on Sep 09, 2016 5:20pm
149 Views
Post# 25223773

The S&P 500 Looks Ready to Pounce off the Upper Trend Line

The S&P 500 Looks Ready to Pounce off the Upper Trend LineAlso, if you draw a line along the rising bottoms of the S&P 500 since January 2016 including the Brexit bottom, after todays drop, it's kissing the upward trend line. It usually bounces off the upward trend line to resume the uptrend. Which of course would mean HVU down for another few months. This just feels like one of those anomaly years where the whole year is overall bullish. I'd actually recommend buying HVI at this point. Unless something crazy happens globally. I think she wants to make new highs and this is just a pit stop.
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