AMEX:IWM ISHARES RUSSELL 2000 ETF
Beginning to think about abandoning the HS IWM config based on the USDJPY reaching its end of triangle formation, as it did November 2013 . If I silence the noise, and just chart this, don't see how we don't head down to the long term support line IWM , and bounce off that, and also exit the USDJPY triangle, crossing the red line in the sand, and not looking back. Also, have to factor in oil prices coming down, while geopolitical being ignored by the markets, thinking somehow oil will not spike up, and bring down the market. USD safe haven factor too, may increase in strength AND the market up too? Not like the old days. Going with TZA this week, and maybe switching to TNA next week, BUT WATCHING VERY, VERY CLOSELY TO EVERYTHING. Note the , and that the first USDJPY trinagle was more volitile, and the second, ending soon, less volitile. Some of the noise though, the VIX so low, and if USDJPY up and markets up, VIX actually going lower than historic? Hard to imagine. Trying to imagine how VIX spikes and markets go up, not down. Things that make you go MMMMMMMMMMMM. WATCHING CAREFULLY HERE.