USLV testing prior support now resistance

Watching $USLV very closely here. It's trading right around 13.18, which was pretty solid support back in late October/early November. We broke below that decisively a few weeks ago, and now it looks like we're retesting it from underneath. If it rejects hard from this 13.20 area, it's a textbook retest of broken support now acting as resistance. That would likely confirm further downside, possibly to the 12.00-12.50 range. The risk, obviously, is if we punch through 13.20 and hold it; then this whole short-term premise is invalid, and we could see a move back towards 13.50 or higher.