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The bear case:
Nice bear pennant.
All the inverse ETFs seem to want to go higher on intraday charts with bull flags and/or falling wedges.
I wonder if it fails when it hits the resistance you have noted. Would be nice to see more divergences to go higher.
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SPX, SPY 30 min charts and comments
Posted by Robert50 on 28th of Aug 2011 at 06:00 am
The bear case:
Nice bear pennant.
All the inverse ETFs seem to want to go higher on intraday charts with bull flags and/or falling wedges.
I wonder if it fails when it hits the resistance you have noted. Would be nice to see more divergences to go higher.