SDOW: Bullish Dragon and Deep Cypher with PPO Confirmation
The 3x Inverse ETF of the Dow Jones Industrial Average has formed a Bullish Dragon and has broken free from it at the PCZ of a Bullish Deep Cypher with a Bullish PPO Confirmation Circle. If things go as one would expect, then we will see this ETF pump up to at least the 61.8% Retrace, but given how Bearish so many of the Heaviest Weighted Holdings in the Dow look right now like: MCD, UNH, MSFT, GS, and AAPL, I now think we may even go as high as the 88.6% Retrace.
