IWM Trend Change? TZA Position Started

The SPY is hovering at new high levels.

If it does not break into new blue sky territory, this is a dangerous consolidation period.  I think the IWM trend shift is telling.

I started a position in the TZA  (small cap bear 3x) and will exit if it breaks below 15.79 as per the chart below.

TZA

Watch the video for my overall analysis.

Leave a Reply