Tuesday, January 17, 2012

TZA Shaping up

 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.

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