TNA trade ideas
IWM-strong reversalLooks like the bears got trapped in the flush below 200dma on $SPY. IWM strong and encouraging for the bulls.
$TNA W,DW: Bearish Div. behind, w/ TP touched, RSI poised to cross up 50 and to confirm nw uptrend
D: overlap between wkly suppt and dly rebound for validation of Bullish DIv., back to the wkly target
Over dly target, following trend w/ fibo for next tp
Trump Rally fading nxt week $spy $tza $jnug $rwm $iwm $jdst $xlkRallies fades into inauguration day week
$TNA breakout pendingWe highlighted the smallcap index 3x Bull ETF around $74. Now it's at $79 and looks set to breakout over $82 on its way to $86. Got shares?
$TNA $IWM bullish divergence on hourly chart. Seeing short-term bullish divergence in this falling wedge. Not a bottom marker, only short-term slowing of downside pressure.
TNA Short Opportunity Setting UpTwo very strong resistance cues:
(1) you have the former support turned resistance line
(2) you do not have a lot of room for price to advance if it does poke through the resistance line
Here is what I am looking for:
(a) price to breach resistance line to the upside
(b) price to pop aggressively above the upper daily bollinger band
(c) harvesting of the late exuberant bulls before a significant decline
Small Cap breakout during Middle of DecemberI just took profits on my longs on Friday expecting a pullback to the lows or even better a drop below the bottom edge to grab liquidity. I want to see declining volume on the lows to ensure there is no more supply before the rally begins either in mid month or in time for the santa clause rally. Price will probably compress at the bottom during the quiet holiday week with lower volume. On the larger time frames, this is a huge Bull Flag, just waiting to explode especially after they grabbed the stops in October. Take profit at $100, then rebuy on the tap back to $86 area.
At the same time i see that bonds have peaked and gold is continuing its drop after it grabbed liquidity from the weak shorts. The quarterly chart on gold broke below its support and should continue much lower during next year. All commodities are weak because of the strong US dollar.
SMALL CAPS DEJA VURussell 2000 (Small Cap Stocks) back where it was one year ago and several times since.
TNA Bullish for the next few weeksYou could have added to longs with your earnings this way. Bullish fundamental outlook for the next few weeks for stocks. Here's a low risk entry to go long with a tight stop.
TNA abcd in speA quick chart for TNA...abcd could be in the cards.
Has retraced a 61.8 and bouncing.
I'm early in on 1st long position
Safe trading Ladies & Gents
BM
After posting chart: ( The fib should have been at the exactly top - then a perfect spot on 61.8 retrace could be seen)
