Looks like the S&P 500 is completing the 5th wave. The bull market couldn't last forever and I feel as if the bears will come down hard in a self-fulfilling prophecy. Proshares Ultra Short is looking mighty attractive right now.
This ETF is a bit choppy, but I'm watching it to see if it will break and close above my purple .382 line to signal an new uptrend. Once it does, I'd like to ride it until it crosses back into the blue line, where I'll start to look for an exit. Hitting that line doesn't necessarily mean it's growth is over, but once it's closing below it, it seems to lose it's...
Using the Fib Speed Fan, I'm hoping the DXD will continue it's new move upward, staying withing the fan arc. It's recent break out of the low rebound of the DOW suggests a higher move. Please feel free to like if you agree or critique.