Slow Fade

The market is slowly fading down. The MTT was down for the second consecutive day but we're still green for the long term. A decent down day will cause the long term trend to go red and we can enter into a short position.

Let's sit back and watch what happens today. If we're down half a percent near the close then enter into a SOXS position. If we're near even or positive then sit tight. A big up day could swing the MTT green and we can get in SOXL.