DIREXION SHARES ETF TRUST DAILY ENERGY BEAR 3X SHS(POST REV SPLIT) AMEX:​ERY

- INDICATOR DIVERGENCE

watch this area

Seems like we can trap some of the people that shorted below the most recent low. I put this trade on awhile ago, but can still get in at a good price.

Might be a good jump here and now. ERY = shorting energy sector. Oil feels not good, S&P feels not good. A+B = ERY at 16.

ERY zoomed the CL. from the south, came back to it and it looks like it get's some MoMo to the upside. Price followed the Forks textbook. So yes, I will try a long with the UL. P!

How far can ERY go?? Bye Bye energy.

ERY in the cloud. Was that an exhaustive candle on Friday? I hope so. Long ERY for a quick bounce, or I bounce.

Oil market continues to see depressed prices with lots of debt on the books. ERY is trending.

Look for upside potential if we break this downward white trendline

This is a chart of the triple-leveraged SHORT energy ETF. The indicator at the bottom shows the departure of price from SMA 50 (classic OB/OS detector), and short ETFs tend to make peaks and troughs easier to follow. Barring a mini-crash similar to that of 2011, the damage should soon stop. That said, another mini-crash or even full-on bear market would not be...