60

If we get one more higher high before 1:00 on XBI = $56.80ish, then we could get a really low risk short. I think this tiny pullback in XBI gets bought, and we push once more creating some nice negative divergence eon the 5. Just sold a quick LABD position off the lows (possibly too early and I could be wrong).

Last night ES was up 3.00-4.00 points and SDS was between $19.09 and $19.14 on the bid-ask. This morning -- at one point -- ES was only up 2.75 and bid-ask was 19.02-19.11 with orders being filled at $19.07. 

15 flagging... Daily W, but may pull back to form a handle...

Entered very close to bottom. This is why 3X Leveraged funds are tougher in so many ways in terms of risk. My limit was $44.10, but the lows are higher. Bid ask spread not conducive...

Break a down trend line on the daily going back about a month

My 50 SMA on the daily was way off!

We break down much more, and so goes this $#!+ show you discussed. We have a few layers of positive divergence developing intra-day, I am not shorting this support right here on XLE. I am waiting for a bounce or more of a confirmation. 

Looking for a lower high on XLE before a break below support. XLE doesn't ever just fall out of bed. If one gets short at support, it hurts.

This could be a fractal right shoulder developing within a larger head and shoulder on the 60. A break below $60.56, a back test, and a third bar lower would confirm the rationale for shorting with more conviction...

You just have to buy when the range tightens. It just loves a tight oversold condition

But all these setups require time for proper triggers and may demand HAND-SITTING for the best entries. Many of these may go green first and then go red for a quick pullback, only to go green again -- very green. HALO may be a good example of this. It won't be easy. One that is really fun with a trigger is, NK.

Lots of these setups are at upper BBands. Doesn't mean they won't go, it just means they might need to pause first.