I'm long 4% SSO. The stock market fell off on shutdown fears. Fed governor Fisher also voiced dissent with continuation of QE2. A sudden end to QE2 would be a thunderclap for the stock market.
I1 peaks on 4/18 or 4/19, a double top with 19th preferred. I count wave (iv) still in progress since 4/1. DJI has to fall to 12,220 to register a sell against it's critical M/A.