[isatrader]

I've been watching QID and BIS, but wary due to the Stan rule of volume build-ups below the 150 day ma (in this case down-sloping 150 day ma).

It was more a comment for the actual index charts of these like the Nasdaq itself, as the short covering / accumulation in the ultrashort ETFs is another warning sign that the Nasdaq is close to completing Stage 3 and could move into a full Stage 4 decline.

I wouldn't recommend using either of these to trade with, as the tracking error compared to the indexes they represent is very bad. For example these are still in Stage 4B-, whereas the indexes themselves are in Stage 3. Which if you flip them on their head like these are, then they should be in Stage 1. So the tracking error has made them a whole stage out. So stick to the indexes themselves imo as leveraged ETFS have terrible tracking error in most cases..