The S&P is just beneath its broken channel, which I consider quite important. I still remain short-term bearish.
Want to hear something sad, though? In my 401-k account, my ORBC position's profit is exactly matching my QID loss in that account. The thing is that my QID position is ten times larger than ORBC's and is an ultrashort, whereas ORBC is just a regular stock. That just goes to show you how potent these lottery plays can be!