Since my last posting 6 days ago the RSI
on the 2 and 4 hour charts have developed a bearish
divergence after the negative reversal. This combo often leads to lower prices. Price is at the upper channel trend line
. I favor that price is forming a 5 wave triangle as often occurs in the wave 3. If so I will take partial profits at "D". If you are not already short you may want to wait til price today breaks below the shorter uptrend line with a stop just above today's high. Good trading to you. Goodguy.
2x bear ETF: TWM
3x bear ETF: TZA