Divergences related to backtests or upticks are represented by white triangles. NASI downlegs that have minimal market downside (sometimes even a rise in TNA) always manifest a divergence (TZA should be daytraded or avoided). Other downlegs went straight down without any divergence triangles. TZA can be swing-traded for these downlegs. The latest NASI downleg (top chart) had divergences. One would have had to be nimble to day-trade TZA during this NASI downleg.
No comments:
Post a Comment