Index Trend Analysis Report
Prepared for you on Saturday, November 28, 2020.
Direxion Daily S&P 500 Bear 1X Shares (GIF:SPDN)
Strong Downtrend (-100) - SPDN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPDN?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPDN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPDN
The long-term trend has been DOWN since Jun 2nd, 2020 at 23.263
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 19.684
The short-term trend has been DOWN since Nov 3rd, 2020 at 20.559
Smart Scan Analysis for SPDN
Based on our trend formula, SPDN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).