Watching the two inverse ETFs in the same sector helps me determine direction.
I was watching bot TZA and TNA this morning, along with the spooz. When I saw TZA try and head higher on the 5th candle, but quickly fail, I had the signal to go long TNA and TYH.. or other ETF longs I trade.
The spooz was in the same pattern, and acting bullish. I was looking for lower low candles as stops. There were none until 1058.
