TZA 2 min leading, looks like it is getting ready to move.
TZA 15 min looks like it's been building support for a move.
Both 30 min and 60 min below show a much larger region of underlying support.
Being that TZA is a short or inverse ETF on small caps, this doesn't bode well for the Russell 2k, which in turn doesn't bode well for the overall market.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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