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Index Trend Analysis Report

Prepared for you on Thursday, April 22, 2021.

Direxion Daily S&P 500 Bull 3X Shares (GIF:SPXL)

Countertrend Up (+85) - SPXL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

GIF_SPXL
Open High Low SPXL Price Change
97.338 98.026 94.749 97.978 +2.658
Entry Signal

MarketClub’s Trade Triangles for SPXL

long term up The long-term trend has been UP since Jul 20th, 2020 at 48.564

intermediate term up The intermediate-term trend has been UP since Mar 11th, 2021 at 83.750

short term down The short-term trend has been DOWN since Apr 20th, 2021 at 94.722

Smart Scan Analysis for SPXL

Based on our trend formula, SPXL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SPXL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
97.338 98.026 94.749 97.978 +2.658
Prev. Close Volume Bid Ask Time
97.978 0 2021-04-21 16:10:15
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