Price Action
The price slowly melted up above $250 and looks poised to take another stab at $260. It would be premature to declare the bear raid over, expect the $235 lows to be retested in the near future, possibly over the weekend.
Trade Idea
Begin to short XBUJ15 if the price retraces below $250 after the recent run up.
In the News
SEC adopts rules to facilitate smaller companies’ access to capital (SEC)