Direxion Daily Real Estate Bear 3x (DRV)

[maybe_this_time]

Sure does. Thought I'd get back to the topic of this board (though I enjoy chatting here, lol), and look at RMZ. Even with a little selling in the market, she is selling off quite nicely:



We're already down to the first support level.

When you look at the weekly chart of RMZ, you see a lot of divergence between the price movement and the indicators. Plus that ascending wedge is also clearly seen as it is on the daily:



Could be getting a nice little pullback to the next support level of 740 if the market continues to pullback. Even a modest pullback to the 10 or 20 day on the S&P could fuel this:



For the RMZ, I see 710 and 680 as more severe pullback points...