Direxion Daily Emrg Mrkts Bear 3X Shares (EDZ) (EDZ)

[str8_chuter]

Anyone else paying attention to the EDZ chart?

With the exception of that spike low on Sep 17, the chart has not violated the nice uptrend in place since late April. Pretty impressive for a 3X leveraged ETF.

Even on that intra-day spike low, the price bounced hard back above the 50-day before the close.

I was especially surprised that MACD never got below the zero line though it came close.

Technicals all turning around here and heading up.

Expecting a bit more of an advance yet. Mid-50's to perhaps 60 in the short-term.