As expected the resistance at 417 proved not very formidable as SPY consolidated near that area Friday and easily poked through on Monday. Setting a new all time high is close to a sure thing because of how close it is.
The study shows that CO13 and OC13 have gone in the opposite of their usual directions. CO13 is negative for all leveraged ETFs while OC13 is positive for all.
It is not clear what this means except that day traders will have a rare technical advantage while it persists. Unfortunately, God probably still hates idiots so maybe the advantage is more or less equal chances.
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