Not sure I give the full moon much credence. But you have been trading TNA/TZA much longer than I have so you probably have a better idea. What will we do when the government eliminates TNA/TZA? We will have no identity!
Yes, in the next 2-3 weeks we could go down to the double bottom at 1044.50 spx. That I agree with you on. I just thought you were talking about falling down in the next 2-3 days. Sorry, I mis-understood you.
You can't have a worse track record than me! Anyway, I'll be interested to see if the Bradley turn date on Monday has any significance. If it does, I would imagine we run up to 1115 by the end of this week before turning over. I'm staying short. Too many signs pointing south long term to me. Check out etf-corner tonight. Serge did a video about all the world markets. Most of them have already displayed clear tops and are on their way down. I think it's only a matter of time before the same happens here.
I would feel a lot more confident about TZA going up if the RSI on $RUT would have hit 70 recently. It hasn't done that (yet). We could still tag the lower BB on $RVX at 22ish before we're done with upside buying pressure.
Not sure I give the full moon much credence. But you have been trading TNA/TZA much longer than I have so you probably have a better idea. What will we do when the government eliminates TNA/TZA? We will have no identity!
Sunday is a Full Moon. The moon trade switches to TNA.
Full Moon + Bradley Turn date. No idea how that comes out.
One day at a time 🙂
Yes, in the next 2-3 weeks we could go down to the double bottom at 1044.50 spx. That I agree with you on. I just thought you were talking about falling down in the next 2-3 days. Sorry, I mis-understood you.
You can't have a worse track record than me! Anyway, I'll be interested to see if the Bradley turn date on Monday has any significance. If it does, I would imagine we run up to 1115 by the end of this week before turning over. I'm staying short. Too many signs pointing south long term to me. Check out etf-corner tonight. Serge did a video about all the world markets. Most of them have already displayed clear tops and are on their way down. I think it's only a matter of time before the same happens here.
Not trading anything at the moment. I'm waiting for the market to give me a clue first 🙂
It could go to 105 but most definitely 106 in the coming 2-3 weeks. IMO we will see.
I also think we have more upside left this week.
I would feel a lot more confident about TZA going up if the RSI on $RUT would have hit 70 recently. It hasn't done that (yet). We could still tag the lower BB on $RVX at 22ish before we're done with upside buying pressure.
Late data from http://www.americanbull.com (Late because I don't subscribe, and what's free is late)
Roughly translated into something I can understand:
Didn't get confirmation today (for a TZA buy). So, we look for the same confirmation tomorrow.
Basically, we need a white TZA candle tomorrow. It's ok to buy TZA during the market day if it seems likely that the day will end with a white candle.
No idea how to manage a blog, and happy being here, so long as Red is ok with all this TNA/TZA stuff 🙂
My looks have a horrible track record. Horrible. You probably need to stay up 🙂