Wow, terrible day for the ETF, unusual to see a fund drop so much. With a poor outlook on this segment of the market, holders of MVLL dumped their shares without much of a bid in the market and price crashed.
The company isn't at an immediate support or resistance level that might be predictive. MVLL hasn't established a very clear directional momentum over the last few months. So it's not clear exactly where it's going. MVLL might find some support at the 28.6 level, buyers might push the price back up from here. But it's not very clear what will happen.
