$Direxion Mid Cap Bull 3X Shares (MIDU.US)$if you bought this ETF then you need to read this. we are up against a resistance on The daily Bollinger band the highest level on the weekly we are up against resistance. this factors in the Gap up this morning at $56 that is a long line going back months. 90% of all trading occurs between the upper Bollinger band which is moving average and the lower Bollinger band. so statistically 9 out of 10 times it's going to consolidate and you'll have profit ta...
$Direxion Mid Cap Bull 3X Shares (MIDU.US)$for those that bought this trade and are going to hold through the feds decision on interest rates and the market reaction I suggest you put a stop limit at 50.70. this will protect your profits in case the market reverses severely. the 50.70 is the current 20 day.
$Direxion Mid Cap Bull 3X Shares (MIDU.US)$on a daily moving average right now we are at an oversold point if you look at weekly which is a better picture you can see it's been trading in this channel going back for many many months so those who are looking for a index basket to buy into on a relative oversold basis that has a nice trend that to me will repeat itself again here it is staring you in the face.
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