$IWM piercing above the MA(200)d and MA(40)w and firing a classic 3 box reversal on the P&F charts, for which the price target is bullish at $98.
This may be a short covering rally, but who cares. It suggest a quick race to test the MA(50)d $82.25 as hedgies rip off the $TZA cover. The $TZA is the way we are playing.
And now $TZA are getting put back on to hedge the weekend. Expect a repeat of today on Monday with a race for performance into the end of the month. Tactic is to buy the $TNA at the close and add to it in the premarket on Monday.