$DRV - RC -
Added 2023-09-26 20:13:16 +0000 UTCDaniel-son has made a good point today and said that $DRV could be an important ETF to watch and we can see here that the trend is looking bullish....and bullish in terms of the chart because this is a Bear Real Estate ETF and 3 X too....so this is bearish on real estate and leveraged, so of course be careful here.
That being said, higher rates for longer has helped this flourish over the last week and we can see that the price is moving fast away from its 50 and 200 Day MA and the 50 Day is about to cross through the 200 Day shortly which is a bullish indication.
If $DRV can make a new high above its April high, when regional Banks were in collapsing, then we can tell that liquidity is certainly under pressure now because if the price is at the same level as when regional banks are collapsing, then you know there is an issue right now.
Disclaimer: Always be aware of the risks when buying a leveraged ETF, declines are multiplied.
