Direxion Small Cap Bull 3x | TNA | Long in the $30s
Updated
Markets are forward looking. When the Federal Reserve drops interest rates (perhaps in 2024?), I anticipate money to flow into the heavily beat-down small-cap market (filled with stocks most negatively impacted by high interest rates). 
RUT would rise rapidly, and my bet is on 
TNA to follow.
From a technical analysis perspective, the fact there is a gap to close forTNA in the low 90s is enticing. It may be a bumpy or speedy rise there, but the $30's have been a personal buy zone.
Target #1 = $54.00
Target #2 = $92.00
RUT would rise rapidly, and my bet is on TNA to follow.From a technical analysis perspective, the fact there is a gap to close for
TNA in the low 90s is enticing. It may be a bumpy or speedy rise there, but the $30's have been a personal buy zone.Target #1 = $54.00
Target #2 = $92.00
Trade active
Target #1 reached for a ~75% gain.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.