ETF Bull and Bear Discussion Board

[Croesus I]

That is an excellent question VC <<Where would be a good entry point? >>

Remember to put this into context, as I said I tried to pick it up, but it didn't hit my bid (obviously I should have just hit the ask...)

60 min chart suggests that there is lots of resistance at $30.00, however I expect that RUSS will move up from there. Possible spot for a buy order (although not transparent - everybody else will probably have a buy limit in place should it move beyond that).

I am hoping it might retrace below $30.00 but I dunno, the chart is pretty bullish.

With this type of ETF, you have to be prepared to have a wide ranging stop in place (mental or physical - it doesn't matter - you need to know to get out when it turns against you).

15 min chart --> again $30.00 is resistance... with $25.00ish + being support.

The 15 minute chart suggests that the move is extended... but that is often the way with these types of 3x leveraged securities.

Good luck with the trade.

Sorry that I can't show the 60 or 15 minute charts. Stockcharts won't let me play:(