The Markets look to have started the wave -iv- of wave (III). I'm seeing this as a tradeable down turn. I show SPXS the 3 x short for the S&P 500. The Price action has broken cloud resistance on the 1Hour chart. It tested the 200 ma and backed off. The 100 ma is at the cloud support level so retesting the break out is possible but not a given. As we can see, we had good Divergence on the Oscillators.
I,m also Long Gold & gold ETF's.
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