ERX Energy Play Head and Shoulders Bearish

On the one hour chart, ERX ( triple energy ETF) completed a head and shoulders

and is now downtrending with a crash through the EMA 100 and EMA 200

and now one standard deviation below the VWAP. The Momentum Indicator

shows downside momentum is greater than it has been in recent months.

The inverse ETF called the ERY would be expected to be the inverse of this.

The XLE would be similar but not triple leveraged.

This appears to be setup for a good long term swing short or a put option

expiring in late January or February.