6/1 12:10

Cash indices went up impulsively.  Assuming this was wave A of an ABC, then the B decline was a 3-3-5 to 10,132.  Order in to buy 3% SDS at 10,220 on the next 5-wave up.  Going above 10,286 will indicate that an impulsive rally is developing.  The 12-day M/A is near here at 10,256.  The stop is not giving much room above this level, but you have an army of chart followers ready to pounce on a significant new high as it will (in the charting context) confirm the H&S breakout.  Nasdaq is leading the way higher.