The market’s been bullish as expected.  Having reached targets, it’s time to turn cautious again.  We’re at a fibonacci 7 day run.

VIX has come back to it’s 50dma.

SPX has tagged it’s 200ma on the 60-minute chart.

Nasdaq will touch the 200ma soon on it’s 60-minute chart.

These 2x short ETFs are so close to their 50 day moving averages, they might as well tag them before this market pulls back.

That’s currently 59 for QID, and 80.5 for SDS.  The 100% retracement in both is bearish.  I’m long QLD.