TZA

Kagi remains bullish for TZA. 3LB has been bullish for TZA since 7/27. TZA also had a Double Top Breakout on 7/27 with a target of 52. TZA is trading inside the ichi cloud. MACD, MAs and Elder bars are bullish for the ETF. TZA broke out of consolidation on the equivolume chart and is now trading above the 30 week (138 day) MA. Target is around 46.

ESU Trend Up Confirmed

$SPX Fibonacci

Weekly $TRIN

Weekly Kagi & 3LB are both bearish for stock market. Renko went bearish for stock market on 6/1/11, but bullish for stock marker on 6/7/11. Ichi is neutral.

BZQ Watch

UCO Uptrend Confirmed

see: http://instigator928.blogspot.com/2011/07/uco-time.html

UGL