major outflow in energy could start soon
AMEX:DRIP Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares
an exodus in energy that has been expected as the price of oil could drop significantly may express itself as a short squeeze in DRIP. if we find a weekly higher low i would imagine holding the pivot price and aiming for upper horizontals is logical. if we fall beneath that pivot as resist areas above where a higher low could be set (the 62% retracement area) i would aim for lower horizontals and remain short this inverse.