Wednesday, December 10, 2014

Trap Door Opens...12.10.14

What looked like a possible recovery day turned into a free fall decline with the VIX up another 20% and now at overhead resistance as oil in the form of XLE takes another big hit.
There's some odd technical disparity between UPRO and XIV (see chart below) and based on past such swoons it's highly likely that the drop has not yet exhausted.