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RCB1229
Jan 28, 2020 5:07 PM

Inflection point, use CL1 for technicals 

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X SharesArca

Description

With the standard rebalancing and leveraging of these products, you cannot use the DRIP technicals to find reliable trading points. CL1 is nearly a flat line, while DRIP has deteriorated downward (as it is designed to do). I am willing to sacrifice some of the profits for wishful thinking to break out higher.

*I am still long
**Stops around 88 and 86
***Might open a long oil position via UCO
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