TZA (3x Small Cap Bear/Short ETF) offers an objective long entry for a short/bearish swing trade on the small caps on this break above minor trendline support. TZA recently put in a divergent low as IWM (1x long/bullish) small-cap ETF put in a divergent high on the 60-minute time frame.
TZA 60-min June 19th
TZA will be added here as an Active Short Swing Trade with the following price targets: T1 at 9.24, T2 at 9.58, T3 at 9.87 & T4 at 10.20. The suggested stop will be any print of 8.47 with a suggested beta-adjusted position size of 0.35, to account for the 300% leverage.