Quote from: stockpile on May 08, 2019, 03:40:18 PM

I'm curious about the 3x bear reversal from yesterday, supposed to be significant, offering up resistance so far

https://www.screencast.com/t/aHE2l2pN

Interesting. That's almost the same price level I have. Yesterday's low that gave a strong end of day rally was also hit perfectly on the S and P as well as the Dow, and also on a couple of stocks I had sets alerts on. These kinds of things happen all the time and provide excellent opportunities. 255.59 and 253.94 on the downside are intraday buys on the Dow, as long as price does not open at or below them. However, I use the other indexes and VXX as well in conjunction, so whatever hits lines at the time, goes. If the market gaps below yesterday's low on both the Dow and S and P, that should become intraday resistance and we can see another drop. If price bounces up from the low as support and later gaps below as resistance, then that resistance will become stronger.