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Oct 10, 2023 6:55 PM

DFEN 11/17 17C Long

Direxion Daily Aerospace & Defense Bull 3X SharesArca

Description

AMEX:DFEN has shown a pattern of responding positively to conflict, this combined with an earnings event for NYSE:RTX, NO and NYSE:BA could prove to bring significant upside. 3 Bearish imbalances that need to be filled, PT1 at $16.82, PT2 at $18.12, OB at $20.11. I am bullish on defense earnings due to the conflict in Ukraine.

https://thehill.com/homenews/senate/4246548-israel-hamas-war-upends-political-calculus-for-biden-gop/

Comment

Looks like we hit our target, and it returned to the OB as expected. This OB is now invalid and should not be considered if looking to re-enter
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