Small Cap ( Russell 2000) 3X ETF …breaking out !

Rambus has been on this one….

Looks like US Stock Indices are not concerned with QT so far

Amazing !

Notice the breakout is from what some chartists like to call a Megaphone Top !

Rambus teaches that ANY chart pattern can be bullish or bearish and its a myth that A Megaphone or broadening triangle is always a top.

MOST patterns breakout in the same direction they started from…Most patterns are “continuations”

The trend is your friend, don’t fight the FED , yada dada dooo !

I am happy to be trading at least a part of the PF with this trend….while we wait for Gold to choose a direction.

Gold ?…there is NO trend presently…we are IN the pattern…No Man’s land.

………………………………..

Added…I know this is primarily a Gold site and that’s where our focus and interest is BUT

Why not look at other sectors in the mean time…while we await armegeddon (sp)

here’s one overlooked sector

https://rambus1.com/2017/09/27/kre-update-2/