Another Episode in Russia; Chess Moves

In what may turn out to be a day-trade, I went long RUSS here at $11.74 with a protective stop-loss below $11. This position is roughly 4% of my trading portfolio capital. 

RUSS is the triple-short ETF for Russia. 

If I do decide to swing it, then it is predicating on the RSX, Russia country ETF, hitting the orange line on the weekly chart, below. That 20-period weekly moving average represents a logical place to look to see if sellers come back in after a snapback rally. Still, Russia remains mired in a steep downtrend, and the 20-period weekly also represents the "middle" Bollinger Band.

In essence, this is a feeler trade to see if Russia is going to retest or break recent lows after an expected relief rally, or instead of actually bottoming.