$Direxion Daily Regional Banks Bull 3X Shares ETF (DPST.US)$...

there's so much profit in the underlying past two days and it can be from not only the short-term trader but it might be from somebody who is a long-term investor in their normal investment approach that has had a melt up and witnesses significant increase in value very quick and they decide to lock in profits.

if you look what is just happened to this ETF I think this is for telling of what will happen to some other sectors it could be today after chairman Powell speaks it can be next week but I believe you're going to see the exact same thing happen where all of a sudden things stop going up and you get these rug pull events nothing wrong with the companies or the sector it's just a lot of profit too soon too quick and people are going to secure it so be very careful if you're going to initiate a position at these levels because you might get one or two percent upside in a day and then 7 to 8% losses on profit taking very quickly working against you