Always keep in mind the head fake whenever considering reversals, it happens all too often. A case could be made that we have already seen one, just a reminder.
Here's what some inverse (Short) and leveraged ETFs look like, consider they should look pretty much the opposite of the market averages and long ETFs.
EDZ 1 min
EDZ 5 min
EDZ 10 min
ERY 1 min
ERY 5 min
ERY 10 min
ERY 15 min
FAZ 1 min
FAZ 5 min
FAZ 15 min
SDOW 1 min
SDOW 2 min
SDOW 5 min
SDOW 10 min
SDOW 15 min
SPXU 1 min
SPXU 5 min
SPXU 10 min
SQQQ 1 min
SQQQ 5 min
SQQQ 10 min
SQQQ 15 min
SRTY 5 min
SRTY 30 min
TYP 1 min
TYP 10 min
TYP 15 min
TYP 30 min
I would post more and more timeframes if I had time. The theme though is consistent, a lot of changes the last few days.
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