$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (D...

$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP.US)$ oils down $4 it was down since the election and this ETF sells off today oils up 50 cents and we have the beginning of what it looks like to be an upturn in the charts from an oversold level. does it make any sense no not at all I've traded this multiple times this year and $1.50 movement down in oil is about a dollar higher in the ETF. whatever these institutional hedge funds did post-election screwed everything up. they must have been out there shorting putting on some trades that I don't follow I didn't see in any screener you had oil going down and you had gush going up which is the reverse and common Sense dictates if oil goes the low 40s the major oil drillers are going to have horrible profits and their stocks will be lower because that's what happened when Trump was in office last time and there's no change