Yesterday's rally turned out to be the 4th leg up of the First Minor Leg Down. Remember 3rd leg down is the longest.See the charts below for the last 5 days for SPY, DJI & IWM. Do not short the market today. We may have a 3 to 5 day rally and you can short at that time. The rally may take the market up by 33%, 50% , 66% or 100% of the decline so far.
DJI
SPY
Traders may sell TZA before the end of the day to take profits. It can go back to previous lows during the rally and you can buy again
Asian Markets continue to go lower. Dollar has started rising today and Euro has started its big decline today even though we do not have a SELL signal yet.
EURO VS DOLLAR
Dollar Index
DJI
Traders may sell TZA before the end of the day to take profits. It can go back to previous lows during the rally and you can buy again
Asian Markets continue to go lower. Dollar has started rising today and Euro has started its big decline today even though we do not have a SELL signal yet.
EURO VS DOLLAR
Dollar Index
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