TZA breaks through the 30 week MA on monster volume on the equivolume chart to start Weinstein Stage 2. CCI breaks out of consolidation (>100) and Aroon goes bullish for TZA. Could buy TZA on pullback. The Ichi chart had a Trend Up Confirmation since this week's large green Elder Bar opened up above the high of the pullback low red bar that occurred during the 1st week of July. The blue MA=Red MA, the MACD Histogram is positive and so is the Aroon Oscillator. Perhaps TZA will pullback off the underside of the cloud and then pierce the cloud to the upside. TZA may "want" to accomplish this in a relatively rapid fashion since the cloud will become wider over time (i.e. more resistance).
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