The upside prevails {{HTML1}}From a technical view, the ETF has validated a falling wedge pattern which should spark a rebound in coming days.

Regarding technical indicators, the daily RSI is supported by a bullish trend line and the 20 day simple moving average is rising and maintains upward momentum.

On a relative basis against the S&P500, the Direxion Large Cap Bear 3X Shares has broken above a key resistance area and looks set for a rebound.

Trading strategy:

Buy @ $17.87 - Stop loss @ $17.10 - Target @ $19.5

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