This Etf has been a great risk barometer. 16.40, today’s high, was a re-test of the outside reversal low daily close that took this instrument to the 9.50’s matching the 1240’s in the Spu. 16.40 was also our trailing closing stop we had for our long position closed out the first week of Jan.

S&P needs all new price action over 1320 while REE needs closing action back above 16.40 for more upside.