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USLV looks dicey on this pullback, EWZ holding up surprisingly
Anyone else watching $USLV getting whacked today? Down over 4% already and touching its daily low of 12.795 earlier. Looks like profit-taking after a decent run, but it's starting to look a bit heavy on the daily. Might need to re-evaluate if it breaches support decisively. On the flip side, $EWZ is still grinding higher, currently at 36.695. Despite some global jitters, it's holding its own and even made a new intraday high today at 36.84. Curious if anyone has conviction on which way these will break next, or if it's just noise ahead of bigger moves.
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Agree on USLV, that run looked unsustainable for a while. EWZ is an interesting contrast, though I'm not sure how long it can defy broader market sentiment.