Direxion Daily Real Estate Bear 3x (DRV)

[maybe_this_time]

At least seeing some red today so far... Here are some S&P 500 short term support levels I'm keeping an eye on:

1198 (daily 10 day MA)
1192 (weekly 200 day MA)
1187 (daily 20 day MA)

I don't think we'll go lower that these. But if we break 1187, then

1155 (61.8% Fibonocci pullback of current run on Daily Chart)
1168 (weekly 10 day MA)
1150 (daily 50 day MA)
1133 (50% Fibonocci pullback of current run on Daily Chart)
1125 (weekly 20 day MA = weekly 50 day MA)
1111 (38.2% Fibonocci pullback of current run on Daily Chart Chart)