SPXU_240m Trading Model - Part II

Below is follow-up view of the SPXU_240m Trend Model. 

Two scenarios are operative. 

First, a retrace to trend line support before another leg-up. 

Alternatively, a breach of trend line support suggesting lower prices for SPXU and higher prices for equities. 

SPXU 240m Trend Model (7, 4.0)