ProShares UltraShort DOW30 is an ETF that corresponds to twice the inverse (-2x) of the daily performance of the Dow Jones index, an index that includes 30 large-cap U.S. stocks and blue-chips, excluding publicly traded utilities and transportation companies. The market during the first few days of the week showed signs of correction, however, the Dow Jones ended...
Support and resistance lines. I think that if interest rates go up in 2019 we will see a slow proceeding drop of the Dow.
Monthly bull div, volume Close and break of RSI resistance is a buy
This is an ultra short against the DOW Jones.
DXD is the inverse of the DOW. In a falling market, I think this is a good play. If you know of a better ultra short please let me know in a comment. THanks for viewing!
DXD Waiting For New Color To Confirm Direction Color Red Number None
DXD Swing Up Testing Old Highs Color Magenta Number 7
Using the Fib Speed Fan, I'm hoping the DXD will continue it's new move upward, staying withing the fan arc. It's recent break out of the low rebound of the DOW suggests a higher move. Please feel free to like if you agree or critique.
DXD hit resistance 20.50 and could not breakout support 20.20 targets 20.50 - 20.70 - 20.95 SL 20
Trying to break out bullish of a long downtrend. Much talked about Dow Correction could be on the verge of happening. Very good risk/reward in this mkt.