REQUEST: TWM and EDZ

EDZ-I've been very bearish on emerging markets, the trade is overdone, they are fighting back and when cheap money dries up it will create a huge vacuum, it's already creating instability.

 This triangle was so obvious a false breakout was highly likely, that's what we saw as well and a fill of the gap.

 15 min 3C picking up on the false breakout.

 5 min has gone into a leading divergence.

 The 1 min is also in a leading divergence...

TWM

 Since it's the Russell that has been the focus of manipulation higher by the Fed & friends, it has the most to lose as well. Here we have another wedge within a larger wedge, this on more steep.

 15 min leading divergence in TWM-Ultrashort the Russell 2000 ETF


Filtering up into the longer 30 minute showing a nice relative divergence.

It may take a little more time, but things are moving fast and it feels like there's going to be a major dislocation in the market. Look at what's coming out of the fed. Yesterday's latest confidence builder, that larger banks were asked to cary out stress tests at 11% unemployment. That doesn't jibe to well with their uber-confidence.