This is interesting as the charts don't help us ascertain what's to come.
I would expect a bounce at/near/around the October spike low of $77.51 sometime this week with the ETF changing hands today at $78.06 and a daily low of $77.91.
Where we'll be in three months I don't know but the antennae are twitching for a short term change of direction over the next few dozen hours.
The Direxion triple levered inverse ETF with a half-twist (the ERY) is up another 8.16% at $23.19 and might be a short candidate for those who understand the risk in that half-twist.
