Sunday, December 12, 2010 12:59:51 PM
The short term watch shows a substantial differences between the SPX and RUT during the last week.
Here, they are presented as TNA versus SPY. However, they both suggest that a short term correction is possible: a surprising drop on close for TNA and bearish ascending wedge on SPY, supported (so far) by the mid-envelope line:
Here, they are presented as TNA versus SPY. However, they both suggest that a short term correction is possible: a surprising drop on close for TNA and bearish ascending wedge on SPY, supported (so far) by the mid-envelope line:
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