Index Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
Direxion Daily S&P 500 Bull 3X Shares (GIF:SPXL)
Bull Market Weakness (+75) - SPXL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPXL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SPXL?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPXL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPXL
The long-term trend has been DOWN since Feb 27th, 2020 at 55.252
The intermediate-term trend has been UP since Apr 14th, 2020 at 33.007
The short-term trend has been UP since May 18th, 2020 at 36.425
Smart Scan Analysis for SPXL
Based on our trend formula, SPXL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).