TheShortLife
Short

TNA Short Opportunity Setting Up

AMEX:TNA   DIREXION DAILY SMALL CAP BULL 3X SHARES
67 0 1
Two very strong resistance cues:
(1) you have the former support turned resistance line
(2) you do not have a lot of room for price to advance if it does poke through the resistance line

Here is what I am looking for:
(a) price to breach resistance line to the upside
(b) price to pop aggressively above the upper daily bollinger band
(c) harvesting of the late exuberant bulls before a significant decline