Got an SPXL buy order that's close to triggering (46.70). Looks like for the short term we're going to run up, but also looking to exit within the week.
Intermediate term I'm leaning bearish. The SPX and Nasdaq have held the 200MA, but IWM has not, by a long shot. I won't be suprised if this is a short term bounce before going off another cliff, we'll see. Though failing to hold the 200MA is usually establishing a down trend, which I would already say the IWM already has. Same goes for IYT.
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