Not a great day for the fund, Direxion Daily Junior Gold Miners Index Bear 2x Shares fail -7.34% today, not what the owners wanted to see. Increased risk for the market segment caused sellers to come into the market and dump shares.
The company isn't at an immediate support or resistance level that might be predictive. But we can consider it's momentum, Direxion Daily Junior Gold Miners Index Bear 2x Shares has seen a lot of selling over the last year which hasn't let up, this thing has really been sliding. People who bought the ETF have lost -71.98 percent over the last 12 months, not great! I would wait until it get to a better support level before rolling the dice on this one. JDST may hit some resistance around the 15.87 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
