SDOW a Dow Shorting ETF Long from an Intermediate Term Bottom

SDOW has leveled off at a near-term bottom after a downtrend as confirmed by bullish

divergence on the RSI and MACD while the price went sideways in consolidation.

Volatility has contracted as have trading volumes. I see this as a buying

opportunity with a stop loss of 20.5 below the low pivot in consolidation and the first

target at 22 underneath a standard retracement with the final target at 25 in the area of

the early November pivot high. A call option set at a strike of $22 expiring in 4-7 months

is a supplement to the idea. I expect that interest rate fades or any lessening of geopolitical

tensions may affect things throughout the trade and perhaps force trade management along the

way. Overall, I have an expectation of 18% for the shares and about 100% for the call option.