ProShares UltraShort Basic Materials Price & Performance (SMN)

What impact will the recent 1.45% price gain have on the ProShares UltraShort Basic Materials ETF's short-term trend?

How might the ETF's performance be influenced by the expected trading range of $15.83 to $16.57?

Will the potential resistance level of $18.10 hold, or could it lead to a breakout?

How will the softening consumer demand and broader economic uncertainty affect the materials sector and this ETF's performance?

What are the implications of the ETF's medium risk level for day traders considering its daily volatility of 2.54%?