Now the market volume is picking up.
Now I believe yesterday action was to get longs to buy after S&P 500 break 1105 to 1110 resistance level.
TZA did dropped below 6.50, but today it is climbing back up above it.
I have to say yesterday action was shake and back the shorts and longs depend how you are invested.
Thursday, June 17, 2010
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I still don't have a sell on the hourlies, at least according to the FX and bond market. I'll get bearish below 1092.
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