DOGRWMTZAEUMEDZ Looking at the current data and the oversold conditions across various sectors, shorting at this point seems highly risky. Many key stocks are showing signs of a bottom forming, and a sharper, faster rebound than the last two could be on the horizon next week
Looking at the raw volume of traded leveraged shares on the weekly is interesting. SPY and QQQ remain with predominate bearish positioning with a notable decline in total traded volume in general; whereas, for IWM, via TZA and TNA, we see quite a bit of bullish positioning with total traded volume trending up.
Perhaps it could be the result of the recent bull run IWM has seen, but definitely something I am watching closely.