Proshares UltraPro Short S&P500 (SPXU) Update

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Proshares UltraPro Short S&P500 (SPXU) hit our STOP of $10.25 & exited with a 3.02% gain. Chart Post

Use This ETF To Protect Profits

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The market is starting to get tired here as ITZ has talked about in recent posts Read
ITZ suggests using the Proshares Ultra Pro Short S&P 500 ETF ticker symbol SPXU as a hedge to their equity positions. This is a short term hold, ITZ expects any pullback to be minor and to last for several days to a few weeks. SPXU is trading at $10.59, taking a full position. Upside target $12.00. Set STOP @ $10.25. ITZ is looking for 1275 downside support and 1365 resistance.

Time to Short the S&P 500

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ITZ suggests entering Proshares Ultra Pro Short S&P500 etf ticker symbol SPXU. Lets place a half-position @ $11.30 with a stop at $11.20. ITZ has target 1325 on the S&P500 as a nearterm top and looking for a pullback toward 1285. For up todate trade moves follow ITZ on Twitter $SPX Chart