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$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ Suf...

$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ Suffered heavy losses, wasn't it supposed to be a bull market?
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  • 101846593 : Do not buy until it drops below 32.

  • PatientInvestor Fan : all panic sell zzz

  • Richhard : The 300 index can still test 3700, which is 4% away from today's closing of 3855, just a pullback from the high of 9.27. It is also the high point of May this year. There should be support here. But that doesn't mean it can't break down. So, look down to 3550, or even 3150 is possible. If so, these leveraged ETFs will fall more than their coefficients. But the faster the decline, the better, as a quick decline rebound can pull back stronger. However, if there is no clear direction in the range oscillation, these leveraged ETFs will suffer.