RUSSELL 2000 ASCENDING TRIANGLE INSIDE THE WEDGE
|Russell 2000 ascending triangle inside and ascending wedge|
Getting rid of TZA this morning and going long with TNA, will have to take a loss on it but your never going to be right 100 percent of the time. If you are going to expect that give up now. Let the profits ride, kill the losers. The futures are up this morning and when you look at the pattern that we're in, short term bullish longer term bearish.Look for a breakout today and depending on strength should take us to the targets shown in the chart. You can see the Russell 2000 hit resistance 4 times and we slated for a minor pivot point today, so expect a pop till January 23 or so. One thing I should say, is "EXPECT" false break outs, we could see that as well.
Listening to Bert Dohmen this morning on Financial Sense.com this morning, I love listening to him he is always great to listen to.