Replies to post #47 on Proshares Ultra Real Estate (URE)

[FiremanDave]

Sounds good.

[frenchee]

Here's my W@G relative to next week--the up trend-line on the below weekly chart will be broken. Why?

1) SPX is almost up against a key Fib resistance level of 38.2%.

2) SPX is up aginst the 13-week EMA which has acted as resistance since June 08.

3) The Chaikin Oscillator has flashed a new sell signal on the weekly chart.

4) The SPX is now trading below the 18-day price MA.