It’s worth noting that xFC yesterday, a theoretical flat day, saw very good gains, while today, a long day, has been quite painful so far. If someone was long a 3x Bear with 3xWushu yesterday, then went long a 3x Bull today, they wouldn’t be happy. The risk involved in these things is no joke. It takes a lot of self discipline to put up with heat, especially for long periods of time, even if you let something else do your thinking for you.
Because of the elevation of price above the averages, this probably will still be a buy tonight. It’s kind of a buy for people who aren’t pissed off about today though. It is a little iffy because a lot of people are leaving for the holiday so it comes down to behavior on the last classical Lipstick day of a strange summer.