TECHNICAL VIEW #
(Hourly chart) *A falling wedge pattern is confirmed, calling for a rebound towards 14.20
Regarding technical indicators: *The RSI is supported by a rising trend line
On a relative basis against the Direxion SPXL S&P 500:
*The Daily Small Cap Bear 3x Shares (ARCA:TZA) has broken a declining trend line. The 20-period moving average is turning up. Look for a rebound on the ratio TZA/SPXL.
LAST: $13.30
ENTRY: 13.30 [possible entry area: 13.00 - 13.40]
STOP: 12.70 (-4.51%)
TARGET : 14.20 (6.77%)