Has DRIP Stopped Leaking?

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The triple-bearish-on-energy fund DRIP has lost a lot of ground in the past month or so, but looking at the Bollinger Bands in SlopeCharts (as well as the supporting trendline), it seems like an opportune place for it to find strength.


Taking a big step back, you can see how the fund has been basing for years now. I think ultimately it will clear that blue horizontal line, completing the pattern.


I am not in DRIP myself, but I did buy puts on XOP yesterday (up a little more than 6% right now), so I am definitely aligned the same way.