TZA was falling in March. A Sell TZA BLIP (series 3 green 3D line) was detected early (3rd Week Of March). This was in conjuction with the bottoming of the Demarker. The TSI (True Strength Index) bottomed in the last week of April. The CCI crossed up above -100, which signaled a TZA Buy. This was confirmed by the KH (Klinger Histogram) crossing up above zero in conjuction with the rising TSI. A Sell TZA BLIP was detected in the 4th week of May (red arrow). This preceded the Declining KH Sell Signal in the first week of June. The low CCI values suggested a consolidation (blue rectangle). The Demarker rose and peaked during the 2nd week of June. The Demarker remained high & flat as a new blip was detected in the 3rd week of June. This BLIP signaled a new TZA Buy. Because of insufficient data on the weekly chart the CSI is not used in Formula 2 (F2) calculations on the weekly analysis. The TZA Buy was confirmed by the uptick in the CCI over 100 (green dashed line). The Demarker began to fall and a sell TZA BLIP (red arrow) was detected in the 1st week of July. This was confirmed by a drop in the CCI below 100 (white dashed line), an interim peak in the TSI and the KH (white oval). The Demarker & TSI resumed their rises during the 1st week of August a TZA Buy BLIP was detected as of yesterday (3rd week of August). This was confirmed by the KH (green oval) in conjunction with the rising TSI.
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