1:05 pm PST. I closed out my XIV trade at the close. The SPY had a good rally and I think has further to go on the upside. XIV trades in anticipation of SPY moves. I think there could be another pop to the upside tomorrow morning and then consolidation during the middle of the day before continuing to climb higher. I might re-enter XIV again tomorrow. Here are my SPY wave counts on the 15-min and 1-min fractals.

Happy Valentine’s Day! To everyone blissfully in love. 🙂