Peek-a-boo! Hey, where is the bear?

All morning, the bear has been playing Peek-a-boo with us.  Is this for real or what?

Regardless, we have a mini-downtrend on a 15 min chart.  Price  is finding support at the 79 sma line.  For this bear to take traction, we need to see price take out the symmetrical triangle and  falls below the 89 ema.

Either we have another small range neutral day or a breakout to either up or down.  We will find out soon enough since we are at the time-of-day that some major decisions are being made by big money.

Below is the 15m SPY chart.  I updated the chart below after the close.  Look like there is a small bias to the bull since price action peeks out of the symmetrical triangle.  To me, it is still neutral and anything can happen tomorrow.

I bought back some TZA that was stopped out this morning at breakeven for another go.  I’ve a tight stop this time.

I still have my TZA position after the close since my stops did not hit.

Good Hunting!