Got burned by FAS but AGQ, GDX and NUGT may save me. This market may call for fly to safety.
AGQ inverted Head & Shoulders?
I posted yesterday updates hinting about a rebound. I would better figure out the resistances of the rebound if it is about to happen today.
I think the 1st resistance would be 1393.00, then if bulls are strong enough they will face a hard resistance zone [1400 - 1403] by next day.
If no rebound today, bulls would be desperate.