are you bullish on SPY for mid-term since you are holding UPRO?
bucks - 問得好! 偶中期及長期都看空 ... 看大空頭! 但是偶不確定的是中期 目前偶波的算法是[A]-[B]-[C] (over) 然後向下數 ... 偶不知它是否會走成 [I]-[II]-[III]-[IV]-[V] where the [I] is the [A], [II] is the [B], [III] is the [C] ... 所以偶持有UPRO以防萬一有個[V]上去.
I am leaning toward the scenario you are afraid of. Just not sure whether or not [IV] has completed.
SPY hourly chart is currently stuck in a range, which could move to either way. My guess is it will continue to pullback, find support around 136.6 and then rally up to complete [V]. So the strength of this ongoing pullback is all what matters now. Need to watch it closely tomorrow.