Profunds index and sector trading

[euterpe1]

We are definitely at an inflection point. I will be going short at the close unless we dump into the last 30 min. Daily chart is setting up for a move up, but we are at resistance. I am taking the market one ideal set up at a time here as it looks like we will get a swift move here...I just couldn't tell you in what direction. IMO we are waaay overbought in the very short term. Risk/reward heavily favors the shorts here.