But, but, but, but, ....
I've been watching the SPX pattern of the last four trading days. Large swings, short bodies, with today's body close to the low. Barely moving up on decreasing volume. No conviction.
I'm not an expert on this stuff, but that looks pretty weak to me.
That's why I kept two positions. Also, all these days since the big lift have been very good intraday trading days, so why not take advantage of it. But once again I've been tempted by QID because it's been swinging more on a percentage basis. UYG hasn't been interesting to me because I feel 35 is very stiff resistance, so I'm waiting for a pulback there, then I'll be on it like ducks on a june bug.
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