SCC UltraShort Consumer Weekly Chart Oversold Falling Wedge Positive Divergence

Here's a quick look at an ongoing SCC chart which is a double retail inverse ETF. Remember we rode the green falling wedge pop to glory a month ago? Price pulled back again and the positive divergence is ready to bounce price again.  SCC is on the launch pad fueling up.  Sometimes they blow up on the launch pad, but typically, like in November, the launch is beautiful.

Projection is a nice positive divergence launch in SCC to occur now as the retail sector receives its negative divergence spank down. SCC is expected to move sideways to sideways up for the weeks and months to come.  The current levels may serve as a head for an inverted H&S that wil need a right shoulder as time ticks by. This information is for educational and entertainment purposes only.  Do not invest based on anythign you read or view here.  Consult your financial advisor before making any investment decision.