I dont have words to explain this. 23 days + 20% and remember also those European investors which has bought at EURUSD @1,13 + 5-7% Forex.. Honestly this is out of bounds, range, explanation.
Big spike coming due to overbought levels in the smallcaps asset class. This ETF will rocket over 40.
Here is my current view of the small caps. The weekly chart (not shown) has developed a negative reversal in the RSI. There is now a bearish divergence in the daily RSI (solid black line). A projected target (short up arrows) from the recent positive reversal in the daily RSI is at the level of a 78.6% correction (around 121-122). This also is at the upper...
I am seeking to use this indicator as an early warning and see that had it been watched in middle of August, it appears to have been signalling the last breakdown. There are a lot of trends that show up within this chart which I don't find on other various indicators.
From the past two appreciable declines in 2001 and 2008, there appear to be some trend lines worth watch, in case current price action follows similar patterns.
This is a follow up from my longer term chart previously published. I think there is a good chance we are at the top. However bears having been saying this for about 2 years. So of course needs confirmation. Take care. Goodguy. Sorry my numbering does not match up with my previous charts. The (4) on this chart was 4 on previous. Doesn't change my position on...
Russell 2000 showing warning signs and IUX 1150 looks viable which implies TZA near $13. Close and follow through above $13 and continued drop in IUX opens up $14.50 and from there $17.10's holds off $19 's.
If interested also see my older post and the other post from today. IWM down about 2% so far today.
Also see my older post and my other post today if interested.
Slo Stoch crossed positive volume is up the Russell and the rest of the market is selling off. A Bear ETF makes sense to me.
A quick chart for TNA...abcd could be in the cards. Has retraced a 61.8 and bouncing. I'm early in on 1st long position Safe trading Ladies & Gents BM After posting chart: ( The fib should have been at the exactly top - then a perfect spot on 61.8 retrace could be seen)