Direxion Daily Russia Bear 3X (RUSS)

[THREE-DAY-TRADER]

Wow, so far 6.04 for low this morning on RUSS! It's aligning along with why I've been cautious here.
My downside potential estimate I've been waiting for (for past couple weeks) has been 5's to low 6 area. We already are clearly into that lower speculative area and just pennies from 5's.
Next question is... what's next? Hit 5's yet?
Shall see.
Eventually this stinker will bottom, but being very patient here & heeding caution has been necessary this time around.

Ruble broke key support area of 50 $USD.
And at new territory gaining on $USD hitting 48 today so far, something I've been continually expressing concern about in regards to RUSS projection & wanting to be cautious