I have been short via TZA since 11/16. Closing out a 1/3 for a loss and adding back in last week so now fully again.
If IWM doesnt close above $111.37 then I have no problem holding this so far. And there is more to go in the short term.
My 135 system isnt close to showing a bounce.
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[attachment=23992:iwm.png]
So if you are going to take that risk, R2K is the place to be.