Not a great day for the fund, Direxion Daily Mu Bear 1x Shares fail -7.37% 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. Direxion Daily Mu Bear 1x Shares hasn't shown a lot of strength recently, shareholders don't seem that energized about the ETF's future prospects. MUD may hit some resistance around the 11.83 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.
