From the past two appreciable declines in 2001 and 2008, there appear to be some trend lines worth watch, in case current price action follows similar patterns.
This is a follow up from my longer term chart previously published. I think there is a good chance we are at the top. However bears having been saying this for about 2 years. So of course needs confirmation. Take care. Goodguy. Sorry my numbering does not match up with my previous charts. The (4) on this chart was 4 on previous. Doesn't change my position on...
Russell 2000 showing warning signs and IUX 1150 looks viable which implies TZA near $13. Close and follow through above $13 and continued drop in IUX opens up $14.50 and from there $17.10's holds off $19 's.
Slo Stoch crossed positive volume is up the Russell and the rest of the market is selling off. A Bear ETF makes sense to me.
A quick chart for TNA...abcd could be in the cards. Has retraced a 61.8 and bouncing. I'm early in on 1st long position Safe trading Ladies & Gents BM After posting chart: ( The fib should have been at the exactly top - then a perfect spot on 61.8 retrace could be seen)