The Market Vectors Steel Index ETF (SLX) may benefit as many of the steel names look good on the upside, and as the Chinese equity markets starts heating up.
The pullback in the S&P 500 Depository Receipts (SPY) from 84.80 to 81.30 since Monday has coincided with the recovery rally in the ProShares Single Leveraged Short SPY (SH).
The vicious pullback in the Market Vectors Gold Miners ETF (GDX) since last Thursday likely is nearing completion from both a pattern and near-term momentum perspective.
The ProShares Single Leveraged Short SPY (SH) hit the exact same low at 73.00 and has since rallied to 74.40/60, leaving behind a potential near-term Double Bottom.
Copyright 2025 Tiger Shark Publishing LLC . All rights reserved.
It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.