$Direxion Daily Small Cap Bull 3X ETF (TNA.US)$ the sell-off...

$Direxion Daily Small Cap Bull 3X ETF(TNA.US)$ the sell-off continues for small caps. this is directly correlated to interest rates additionally you have a significant amount of regional banks that make up this basket TNA. and the regional Banks as well as the large Banks all have come under pressure because cutting rates is basically a thing of the past right now we might get maybe one in December according to Powell. so the market is discounting small caps regionals as a result. if you recall the bobbleheads were on TV when this basket was 41 saying the markets broadening out got to buy the small caps and yet again they are wrong. I think we are nearing a bottom I think right around 33.40 +- represents a very good point to enter and I will be buying at that point which we probably could see today or tomorrow or Thursday.