Jumping early again. If you're gonna call a breakout on TZA, it would have to, at the very least, break 39 convincingly.
The S&P is also holding that 830 level, and unless we break it, I would be cautious on holding any 3x inverse overnight. The Bulls will take that as a reason to Bid like its 2006. You don't have to be a hero buddy, just wait for confirmation.
I should also mention that the volume today isn't top notch. It makes me believe some people are watching the price action. A Good support hold could be reason to buy, a breakdown could easily result in a race to the downside.
Today and tomorrow will definitely say alot about this rally
The S&P is also holding that 830 level, and unless we break it, I would be cautious on holding any 3x inverse overnight. The Bulls will take that as a reason to Bid like its 2006. You don't have to be a hero buddy, just wait for confirmation.
I should also mention that the volume today isn't top notch. It makes me believe some people are watching the price action. A Good support hold could be reason to buy, a breakdown could easily result in a race to the downside.
Today and tomorrow will definitely say alot about this rally
