Direxion Daily S&P 500® Bear 1X Shares (SPDN)

On daily chart, the SPND continues to create a series of higher lows and higher highs, which confirm current uptrend. It seems that, SPND is on his way to test the current resistance area that lies on 15.64 – 15.81$, which consider the level, that the SPDN need to break it to upside, to trigger it targets higher levels near to 16.26 - 16.80 - 17.27$ on short term basis.
We notice that positive indicators and volumes, that of course will increase the probability of a mentioned positive scenario.