Tuesday, August 13, 2013

08/13/13: Back on the bull train

Today's move down after the open took me a bit by surprise.  I thought perhaps the market was going to break neckline and make a wicked H&S.  Instead, I decided that there were some bullish divergences forming so I took a UPRO position.

Currently sitting with UPRO and holding into tomorrow.  The timing window is EOD 8/14.  The next one after that is EOD 8/16 or open on 8/19.

My gut instinct is telling me markets are making one final attempt at the high.  We still have this open gap at ~1705.  Hoping that gets filled.  That may be an ideal target for this last attempt up.

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