WallStScalper
Short

Gartley butterfly A support for the bearish SP count

AMEX:UPRO   PROSHARES ULTRAPRO S&P 500
469 0 0
UPRO             normally showing gabs more clearly then the index .

Price has made a exact 3.618 fib ext. of wave 1 and stopped at gab

I could see chop here due to low volume ending up Friday with a gab close and reaching the exact 88,6 retrace.
OR a gab close today and a bad NFP report tomorrow bringing the Gartley butterfly in play.
I will take a short at 88,6 as a low risk entry.
Safe trading ladies and gents!
@BLawrenceM
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