Here comes the second leg down.
The right shoulder was either a small one or none at all is done.
VIX is going back up. Huge support at 25.
TZA is going back up. Huge support at 6.50.
Note: TZA will do a reverse split of 5 to 1 on July 7th.
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Market just looks so weak right now. My best guess is a continuation downwards.
ReplyDeleteWhat's your target on the second down leg?
ReplyDelete