agree I am long TZA everybody and their mother in law thinks market can ONLY go up... and if you look at nasdaq and SPX you would have reason to think there can never be a red candle!.... but smallcaps telling a different story and your trendlines dont lie. thank you for posting.
it will take some courage, but I am long TZA also. Hope we are right, have to trust the indicators and ignore the noise. Now a china rate cut, never saw that coming, everyone doing everything they can to keep this market up. The bigger they are the harder they fall.
I spoke to a jewish friend of mine the other day, Chanukah coming sooner and sooner, before year end, he said because it depends on the moon phases not the calender. I never knew that. They will make year end decision with theiur positions sooner this tear, watching dec 17th, and the week before that for volumes and large sales.
spy megaphone pattern, also mentioning MACD megaphone pattern, and Dow at highest in last 10 years MACD levels, overbought. Money managers will request year ends stock sale or buy, for bonuses, and watching also this for pressured moves.