Possible bearish shark.
Valley 2 is lower than valley 1.
Price has turned, for now, at the 1.113. I left this line dashed in case this 4th leg has no terminated yet.
Doji of indecision today after a gap down at open.
No recommendation.
The opposite, or bearish version of the financial industry is FAZ. These are leveraged ETF x 3.
No recommendation.
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. The fund invests in public equity markets of the United States. The fund invests directly, through derivatives and through other funds in stocks of companies operating across financials sectors. It uses derivatives such as futures, swaps to create its portfolio. It invests in growth and value stocks of large-cap companies. The fund seeks to track 3x the daily performance of the Financials Select Sector Index. Direxion Shares ETF Trust - Direxion Daily Financial Bull 3X Shares was formed on November 6, 2008 and is domiciled in the United States.
FAZ
Valley 2 is lower than valley 1.
Price has turned, for now, at the 1.113. I left this line dashed in case this 4th leg has no terminated yet.
Doji of indecision today after a gap down at open.
No recommendation.
The opposite, or bearish version of the financial industry is FAZ. These are leveraged ETF x 3.
No recommendation.
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. The fund invests in public equity markets of the United States. The fund invests directly, through derivatives and through other funds in stocks of companies operating across financials sectors. It uses derivatives such as futures, swaps to create its portfolio. It invests in growth and value stocks of large-cap companies. The fund seeks to track 3x the daily performance of the Financials Select Sector Index. Direxion Shares ETF Trust - Direxion Daily Financial Bull 3X Shares was formed on November 6, 2008 and is domiciled in the United States.
FAZ