TZA sustained downtrend from mid-February
This short from about $10 has been an excellent way to trade the recent market strength, with gains of about 45% in two months.
TZA 60 minute trend model
The hourly model above is on a fresh Buy signal, but prices have fallen back to intersect with the trend reversal line. One of two outcomes is imminent, either prices find support and rally off of the trend line, or, prices fall below the line and enter a fresh Sell mode. One way to trade this is to enter Long here, with a tight stop at the hourly reversal level (5.45) and if TZA closes below that level, cover and reverse Short.
As long as the daily model is in a Sell mode, that bearish trend gets the benefit of doubt here. When and if the daily flips Long, TZA's bias becomes bullish.
