what I find interesting is the timing of a correction...since markets are above the beginning of the fiscal year 23 to take advantage of long term capital gains, why would there be any selling until 24...then I thought about the buying and selling throughout the year...BUT capital loss harvesting is another story...so that being saif looking at the 2 year TNA chart....it looks like very 6 months there are huge cycles...next peak is due in February or next week??? We will see...I'm getting ready to get into TZA or short TNA...wouldn't it be more beneficial to short TNA than buying TZA due to the decay???
I bought TNA MOC. Looking at the 60min chart I see a pattern of market jumps, consolidations, and then jump again. It has done it 4 times since Nov1. It just looked ready for another jump, so I bought. IWM up 1.75%. I have a nice support level for a quick exit if I need it.