Direxion Daily S&P500 Bear 3X Shares (SPXS) broke it's downward trend on 26-September-2012 when it closed at $17.44. It went almost a calendar month before it started to get a bid at $18.04. By looking at Thursday's action (ie. 15-November-2012), it touched it's Tier 1 resistance point of $20.66. A close above $20.66 would be needed before considering a retest of $26.04 from 4-June-2012.
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