N0tSwift

UPRO - Bigger View - Down to Fib .236 / $55

Short
AMEX:UPRO   PROSHARES TRUST
On shorter timelines there is upside, I hope. Backing out until I could see a clear pattern, on the daily timeline looks like we're on the start of leg C down after a nice 5 Wave up
A .236 retracement would have us bounce around $55.43

Sadly, I did my long term homework after the fact and missed the peak. Expecting to get SL'ed out and lose on a long UPRO position.

Pundits all shouting Bull, and I bit post election, but that's not what the trends show me. The numbers say S&P500 down for a bit (About 6% SPX /18% UPRO ).

*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Comment: Stopped out today as it continued to fall. SPX/UPRO keep sucking me in only to spit me out. Nasdaq is my friend, S&P hates me.
Comment: Missed so far. Went up slightly, and all technicals look good for continued movement up. I'm long, just watching for a market reversal that may not happen.

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