*This is Direxion Small Cap Bull 3X Shares (TNA). Its a new day so I have recorded this as a new trade on my TSI trading record.*The next couple of charts are of the US Dollar, and will give you some idea what the madness is to my thinking. LOL*Click on the charts to ENLARGE
*This is a 4 hour chart of the US Dollar. What this shows me from a momentum point of view - using the MACD because this particular software does not include the True Strength Index (TSI) indicator - is the relative extreme nose bleed height of such sudden momentum generated yesterday and pre-market today. Believing that this momentum is simply unsustainable, there should at least be a nice pause in upward US Dollar movement which should help the stock market to rally.*This is a 1 hour chart of the US Dollar. As we can see, a divergence has already shown up, somewhat validating my thinking of the 4 hour chart above- that this upward US Dollar price movement will have to take a breather, if not downright collapse (wishful thinking, I am sure).
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