06.04 US Stocks: Focus on SPX in the short term, watch the 1-hour level.
In the short term, focus on the SPX 1-hour level $Direxion S&P 500 Bull 3X(SPXL.US) $AMD(AMD.US) :
1. If the market opens and continues to fall, see if the 7520 support level holds. If it doesn't hold, it may continue to fall to 7460. (If it fails to hold 7520 by the end of the session) Reduce the position by another quarter.
2. If there is a rebound, and the market recovers to 7580 by the end of the session or at the close, then it's safe for the near term.
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