The back and forth action is a positive for the market. The action is giving stocks a chance to build bases, bases that we can trade.
As of now, everyone is just guessing, directional betting. Which way will the market turn? trading in and out of TZA. I’ve never had good results playing that game. Although, fun at times, if you guess right, can also be damaging to your trading psychology and account if you guess wrong.
As unsexy as it may sound, the best option is to sit an wait for setups to come to you. Let things consolidate a bit more here. I think the time is coming where we will get active again, sooner, than later.
Anyone see this inverse head and shoulders starting to take form? Some good trades are just ahead.