TZA gives a bit of a clear picture
Higher volumes in TZA for past couple of weeks. Possible: big rotation our of wild PE growth small cap into more realistic PE big cap, but maybe after that or at the same time also ETFs like TZA as an alt or temp leading to (or as insurance for) a big correction? This is a clear uptrend channel, where MACD, MFI, and RSI cooperating nicely. With all the head faking going on, this chart paints a pretty clear picture if you ask me. (posted this before but may not have taken, so sorry if this chart appears twice).
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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.