TNA
$IWM RTY would be in trouble below 2100$IWM RTY would be in trouble below 2100
This week is a good week to play short if the momentum on the small cap index sells to the downside.
FAS looks to possibly be setting up for a few week bull runMy custom-coded indicators are pointing to a small bull run in financials over the next few weeks. I'm waiting for the green bar to turn grey, but my indicators are saying it's gonna happen
Russell 2000 - Long playPrice stopped (1) right at Pivot S1 and (2) just above Fib 0.876. RSI is also aligned with previous bottom. If a multi-day uptrend happens from here, the 3x ETF will gain more than 3x by the end of the trend due to positive compounding. If choppy volatility instead continues in both directions, then holding IWM would have been the better bet. Survey: Which would you buy here - TNA or IWM?
TZA - Short this flawed -3x ETF with stop just above R1This is triple leveraged inverse Russell 2000 ETF. It is flawed due to negative compounding in downtrends.
TNA - Buy and hold to $130-135The third major buying opportunity of this security's life is now. If the coming advance mirrors the previous advance, then $130-135 should be hit (see the two back-to-back Fib drawings). This is a monthly chart and the security is volatile, so expect plenty of choppiness along the way.
Houston- we have a problem.... iwm vs spyIWM has been the spy's faithful partner up chart since 2009. This run is different. I think we may be destined for failure.. until iwm can muster the strength to breaks its trend.
Suppose there's 2 possibilities here. either spy's gonna retreat, or iwm needs to make up some ground.. has a large distance to make a new high. Given circumstances i think retreat makes most sense.
Caution is warranted given conditions and charts history....
GOOD LUCK THIS WEEK!
Monitor with cautionConsolidation has been established with a range of 1548.12 - 1586.77
For the technicians out there who like patterns. A Pivot High was just completed. So, look at the bottom of the consolidation range for your breakout signals.
Anchor bar on the consolidation is a positive bar which suggests a 70% chance of breakout to the top.
Coupled with the pivot high - I would decrease that down to 30%.
This is a mixed bag of directional signals, suggesting the market hasn't decided yet.
$iwm $tsg $tna VIDEO ANALYSIS powerful 2-3 week rally Any Day.Bit money has been moving into these stop options looking for higher prices in the next 10 days!
This stock looks like a solid gamble for higher prices.
Weekly chart breaking will trigger powerful 2-3 week rally.
Utilities, Natural Gas, and Small Caps Present Setups!This video shows a few simple and clear trade setups unfolding in the market for three very different sectors.
Take a look, and if you like be sure to follow me here on TradingView!
