The Russell 2000 Index approaches its lower channel line challenging it and its 200-day moving average. It has been a long run since the early March bottom, and it's probably time for some retracement. If so, this would be the first correction of the new bull market, and they are often deep.
TZA, the bear-market 3X ETF representing the Russell 2000 index has already broken out of its trading range and is heading upwards for a second day. It has already established a new channel, although that may succumb to a correction in a day or so.
FAZ has also broken out and established an upward channel. FAZ seems a little steeper than TZA, but they are very similar (FAZ up 5.13%; TZA up 4.68%, today).
The Russell 2000 Index approaches its lower channel line challenging it and its 200-day moving average. It has been a long run since the early March bottom, and it's probably time for some retracement. If so, this would be the first correction of the new bull market, and they are often deep.
TZA, the bear-market 3X ETF representing the Russell 2000 index has already broken out of its trading range and is heading upwards for a second day. It has already established a new channel, although that may succumb to a correction in a day or so. 
FAZ has also broken out and established an upward channel. FAZ seems a little steeper than TZA, but they are very similar (FAZ up 5.13%; TZA up 4.68%, today).
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