Today I want to show you another important ETF: Direxion Large Cap. Bear 3x. (BGZ). Yesterday, BGZ made a new impressive breakout. This ETF closed in their highest level since December last year. Its price was $ 45.32 (+1.03%). Its volume was 8.79M shares, almost three times its daily average. BGZ behavior can complement the magnitude of fall that may occur in the stock market. Though it may be overbought at present, the levels of support it has generated can be considered very strong. This means that there could be a short term correction. But this does not invalidate the upward trend in the medium term. I think it is very important to look closely at this ETF for a broader perspective of the market situation and the depth of the current market crisis. Please click on the chart to enlarge.
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