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AwesomeAvani

ERX Energy Play Head and Shoulders Bearish

Kort
Direxion Energy Bull 2X Shares (AMEX:ERX)  
AwesomeAvani  
AMEX:ERX   Direxion Energy Bull 2X Shares
Head and Shoulders Oscillators Moving Averages erx ERY head_and_shoulder headandshouldersformation Energy Commodities oilshort
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headandshoulders oscillator movingaverage erx ery head_and_shoulder headandshouldersformation energy oilshort
On the one hour chart, ERX ( triple energy ETF) completed a head and shoulders

and is now downtrending with a crash through the EMA 100 and EMA 200

and now one standard deviation below the VWAP. The Momentum Indicator

shows downside momentum is greater than it has been in recent months.

The inverse ETF called the ERY would be expected to be the inverse of this.

The XLE would be similar but not triple leveraged.

This appears to be setup for a good long term swing short or a put option

expiring in late January or February.
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