DXD, the ProShares Ultra Short Dow 30 is looking like it’s preparing to move upwards.

Here’s what stands out:

• Resistance @ ~$50 was broken.
• Resistance in the downward channel was also broken by today’s move up.
• May looks to have created a short term double bottom.
• There is a positive divergence between the RSI, MACD and STO vs the price trend.  This may be sinking in now.
• If the price moves upwards and pushes through the 200 day EMA it would be a very bullish sign and a strong movement.

New resistance around $58ish seems probable.  A good entry point would be upon a close above the 200 day EMA and a selling point is ~$58 for a short term move.