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  • Small Caps Continuing Test And Reversal 0 comments
    Jun 30, 2014 10:56 AM | about stocks: TZA

    The 30-minute chart of the Direxion Russell 2000 Bearish 3X ETF (NYSEARCA:TZA) shows that price action is nearing the area of Friday's (6/27) trading range.

    It looks as if the TZA needed to make one last low before completing its reversal.

    This is a good start for the day for those that are bearish on the iShares Russell 2000 ETF (NYSEARCA:IWM).

    (click to enlarge)TZA 30-min

    Chart by TeleChart

    Disclosure: The author is long TZA.

    Themes: Small Cap, IWM Stocks: TZA
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