TZA turns down

The Sell trigger of 12.04 shown on the previous chart was penetrated decisively, causing the model to flip SHORT.


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Going into Thursday

Here is our TZA set-ups just before the open on Thursday

I am still looking at that 12.36 level on the 240 minute as an "add-on" opportunity

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Into the close

Looks like the best action today was on the 15 minute.

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240 minute

This was a beautiful SHORT at 14.07 on November 3rd and there is no reason to believe that the next BUY will not be equally as impressive. As the chart above shows, as of now that Buy is up at 12.36.



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TZA update

Publish Post

LONG @ 12.11, watch the 240 closely

TZA

Sorry for the delay, I am sure most of you realize that there is only one thing that could keep me from being at my post at the open and would do the same yourselves:

Flipped to SHORT.

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Trade set-ups for close

The 60-minute chart is still LONG (from 12.32) and will only flip SHORT on an hourly close below 12.44.

More significantly (in my view) is the 240 minute chart. A close above 12.60 and it flips LONG.


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Alert

NNVC chart

Wave 5 Target = 1.20

ATR Buy Signal = 0.70 on Oct 28

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240 minute

The 240 minute triggered long, but it won't be confirmed until the 240 minute bar is closed. As you can see with the other 240 minute bars on that chart, the odds favor the signal will be confirmed, but not guaranteed.


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