Hi guys,
The ETF SDS - ProShares UltraShort S&P500, had extreme high volume today, in normal market range. But the ETF made a new low.
1.) - 28 mill. shares traded!
2.) - Professionals stepping in taking profits on their short positions and reversing... Long orders accumulation, getting ready for bounce?
3.) - Or is this market set for a seriuos decline, because of the new low made?
What do you think?
Thanks.
/Luc.
The ETF SDS - ProShares UltraShort S&P500, had extreme high volume today, in normal market range. But the ETF made a new low.
1.) - 28 mill. shares traded!
2.) - Professionals stepping in taking profits on their short positions and reversing... Long orders accumulation, getting ready for bounce?
3.) - Or is this market set for a seriuos decline, because of the new low made?
What do you think?
Thanks.
/Luc.