JoeHayes
Long

TZA Triple Momentum Divergence Price Confirmation

AMEX:TZA   DIREXION DAILY SMALL CAP BEAR 3X SHARES
TZA             coming out of triple momentum divergence. We have 2 series of consecutive higher lows on both the mac-d histograms and signal lines. Also, the signal lines have crossed to go along with a price confirmation close that occurred today above Monday's high. Since we ended the day down from the opening price, I am waiting for price to break the high of today to signal a long position with stops below the most recent lows.
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