Direxion Daily S&P Oil & Gas Exploration & Production Bull 2X (GUSH)

[Sgreg]

Anyone else have a look at the weekly chart? Looks like a nice setup. Possible W formation. Oil at $60 should have XOP in mid to high 30s. Huge gap down in XOP in daily chart also. Looking for at least low 30s in XOP before selling GUSH. That would be in the 9-10 dollar range. I am currently slightly green but will wait until target is hit. I will make about $3 a share profit. Also fyi the energy sector currently is less then 5% of the S&P 500. Only once before in history that was the case and it tripled within a year. Back in early 2000s.