DIREXION SHARES ETF TRUST

DRIP NYSE ARCA & MKT

lightningfreek

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apb270

(Scroll Down for Better Picture of Wave Count) SPX and 3x leveraged bear crude DRIP. Does this pattern show smart money exits in Jan '20 and June '20? When the relationship decreases, lean CAUTIOUSLY on equities and crude. Precipitous fall means lay on the Shorts. Despite Markets going higher in February, the relationship still decreased as crude continued to...

apb270

Looking for follow-through and resistance to hold

apb270

"Golden Cross" of SMA 100 intersecting the SMA 111 acts contrarily to standard Golden Cross implications and could signal a correction as seen in January. As the relationship decreases in price, Crude down, DRIP up. Looks like it might break down vs SMA 350 (gold colored line) as well. An answer should be given within the next week given prior timelines.

bhowe

Im buying DRIP here as a long trade. It's really a short because its an inverse etf. It looks good the buy was at $6.04

bhowe

With the OIL cycle coming to an end, 50 + days, I am watching DRIP as a possible counter trade. If the price can get over the 50 and break the trend line this could be a good runner. Maybe we get a repeat of March? You could buy here with a stop below the current price. The only draw back is that the OIL producers may not trade directly with OIL.

BeardedSince

Looking at the chart, looks like bullish run already began. Any more negative news On oil sector will help. Remember this is bear fuel traders. As always, set your stops and limits.

19:35

ScottBogatin

I believe for most of us who have traded there have been times when we recognize when we had an urgency to take a trade in a very unclear market when we knew in a conscious or subconscious manner that this was a very uncomfortable trade we were about to make. Even if we have systematic ways to judge risk and reward and trade management, something inside of us is...

12:41

ScottBogatin

DRIP

lightningfreek

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RCB1229

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...

superkumar2020

buy only above 73.55 target 75.55 target 82.25 BIG TARGET is seen....... SL:70.75

spackiri

Chart to share the bounce back for DRIP

RCB1229

I enjoy trading DRIP and I believe long term, oil is worth less than today. ESG is a movement that will continue, especially when it comes to China and India's eventual and inevitable higher participating in the space. Day trade DRIP, but do not hold. The issue arises from the cost to roll the futures and the cost to leverage the future or ETF into a swap that...

JusWes

A possible H&S scenario here.

Rei_Trader20

A Symmetric triangle pattern is seen formed on a 3x Leveraged Bear Oil and Gas ETF. Depending of the direction the price crosses breaks the triangle the position should be long or short

JusWes

Totally collapsed from last week, yes wedge failures do happen.

JusWes

The H&S scenario failed from my last chart, $DRIP blasted through, and now looks to be consolidating for another bounce.