Daily TNA Chart Analysis

TNA turned down (currently holding TZA). There were two daily TNA upthrusts in a row (price initially driven up to lure in sucker TNA buyers). Blue DEMA is starting to flatten. Divergences on CCI & KH (green dotted lines). AO still green, but pattern is maturing. KH crossed down through zero (green oval), but TSI is just flattening (has not turned down yet). TD & R squared have turned down for now. The rectangles is the demarker window are a range of days that buy or sell bricks were newly laid down for TNA or TZA by 3 Line Break or Renko. The odd formation in mid-July was related to a sell TNA brick (green dotted line) on 3LB while Renko was still laying down buy TNA bricks. The periods between Buy & Sell brick lay-down periods is consolidative (light blue rectangles on CCI, flat TSI & falling or low R squared). These periods can correlate with brief up & down runs in TNA & TZA (smaller grey & green rectangles in price window). The Stock Market has entered one of these periods.