WallStScalper
Long

SPXU setting up.... for a pop

AMEX:SPXU   PROSHARES ULTRAPRO SHORT S&P500
147 2 2
Fibs in place, Andrews fork showing break of trend and back test., trend line holding and divergens building.
Look to me that SPXU             is ready for a pop.

As always ... time will show.

Safe trading gents!
BM

Music at work: http://www.youtube.com/watch?v=liyfKAId2A0
At some point Mr Mkt will have a correction but as of (9-19-13) Mr Mkt is displaying 0 technical signals that a correction will commence in the next week or perhaps even 2 weeks.... in fact SPX is not even showing a flattening period in progress.

Being LONG any inverse ETF is therefore DEAD $$ at best and like;y turn into a LOSS for most.

Some negative divergence is possible in the next few months but its wayyyyy 2 EARLY to be on short side
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