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Direxion Daily Technology Bear 3X SharesDirexion Daily Technology Bear 3X SharesDirexion Daily Technology Bear 3X Shares

Direxion Daily Technology Bear 3X Shares

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TECS Move above $23.00 is a clear breakout playTECS could move aggressively higher over the next few days and my analysis shows any move above $23.00 could be a very strong upside play for at least 5+ days. I'm not suggesting this downside move in the technology sector will last long, but I am suggesting that critical support is still quite a bit lower than where prices are right now. Take a look at my recent QQQ post to understand the downside risk of further weakness. I believe an entry in TECS now would be a good play with a stop near $19.85. Any weakness will likely be identified quickly while the long term downside potential may play out over many weeks. Could be a +25% move here soon.
AMEX:TECSLong
by BradMatheny