AMEX:DRIP   DIREXION SHARES ETF TRUST S&P OIL & GAS EXP & PROD BEAR 3X (P/S)
expect a continuation on DRIP. but try to scale in slowly. if we break below 18.01 pivot point we can retrace to the bottom of this channel.....lets see if this 19.72 will hold as support...
Excellent analysis, I would like to add that if we break past $22, the next fibonacci extension reaistance level rests at approximately $33.

With fundamentals unlikely to change in the near term and prices touching $22 already today, I don’t think it’s unreasonable for us to hit that price target within a month...possibly higher.

After $33 the next resistance is $78.
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utopiafusion utopiafusion
@utopiafusion, sorry I meant to say after $33, next level is $50.
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