https://commonstock.com/post/1d789446-5d4b-4b3d-9b69-359ef33c975d by @investorinsight

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I bought $TZA today at close after pitching it as my buy the dip stock over the next 6-12 months. $TZA is a bearish ETF that mimics $IWM. When $IWM increases, $TZA decreases and vice versa.

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I have been very patient on my entry to this position until a re-test of the weekly 20SMA and this downtrend line. We finally hit the downtrend line today and only a few dollars away from the weekly 20SMA (Green line). I utilize stage analysis in my high time frame strategies as a stage 4 decline often tests the 20weekly SMA before continuing down.

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This is a longer term swing for me as Powell stated the bear market is only beginning today (summarized) in his press conference.

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If you want to learn more about this position, click the link above for a full writeup on why I believe $TZA is a great swing trade over the next 6-12 months.

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