The SPXS which is a 3 x inverse ETF on the SPX looks to be making an "Island bottom reversal" which would indicate to me that the market is going to further shit the bed.
I got long on the short ETF inside the island
Example: "stockcharts.com/articles/mailbag/2010/09/what-is-an-island-reversal-kol-aapl.html"
I got long on the short ETF inside the island
Example: "stockcharts.com/articles/mailbag/2010/09/what-is-an-island-reversal-kol-aapl.html"
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