11207 is a 50% re trace of the past 4 years also matching a fib from the 1987 crash. Needless to say I think it’s a significant zone.

We are looking to sell the SPU @ 1349 (H) ( Buy the SDS at the market when the SPU trades at this price)

We’re long some TBT…this is contra to this trade. The spread would dictate you Selling stocks and buying bonds. For you ETF traders this would be buying the SDS and buying the TLT.

The Bonds are not backing off. Keep your stop in the TBT in place. One of these trades will be right.

We will be trading this with strict and tight risk parameters.