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Since its pullback began on July 24th, over the past four sessions, the Direxion Daily China Bear 3x Shares ETF (YANG) has been consolidating just above its uptrend line. Over the past three sessions, YANG has unsuccessfully attempted to rally above its 20-day and 50-day moving averages each day. A move above the July 31st high of $16.48 could provide a buy entry trigger for this ETF.

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