Small Cap Indices Show Relative Strength in Both Directions

Mike Paulenoff MPtrader

TNA (3 X Bull Small Cap ETF) held critical support at 40.00 to 39.80 into the end of the first hour of trading, and has since pivoted to the upside to 42.60/70, and poised to challenge its recent recovery rally peaks at 43.13 (12/28) and 43.27 (1/02), which if hurdled and sustained, will point immediately thereafter to 46.00. The Model Portfolio is long at 42.38... Last is 42.63

Author

Mike Paulenoff

MPtrader

Michael Paulenoff has been a student of and a participant in the world financial markets for the past 26 years, since his graduation from the Georgetown University School of Foreign Service in 1979.

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