Elite Swing Trades

[SwingKing]

This is not a good sign for the bulls. The market was set up perfectly to open on a gap this morning and the inability of the bulls to take advantage of that setup would have me concerned if I were on the bulls team. Now we've been watching for the market to break down a bit and this could be the start of a move down to that 1995 mark. If that happens I expect a bounce in the 2000-2002 area and depending on how that plays out it'll will dictate my UVXY play. I'm either going to exit in the 2000 area or add to my position, hopefully at the top of the bounce. Please don't ask me what I think is going to happen because I have no way of knowing until we see the action in the 2000 area if we get down that low. However an add on the bounce would indicate I expect to see this break 1995 on the second test.

Questions.