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Index Trend Analysis Report

Prepared for you on Wednesday, April 14, 2021.

Direxion Daily S&P 500 Bear 1X Shares (GIF:SPDN)

Long-Term Downtrend (-90) - SPDN is in a strong downtrend that is likely to continue. While SPDN is showing intraday strength, it remains in the confines of a bearish trend. 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.

GIF_SPDN
Open High Low SPDN Price Change
16.5761 16.5761 16.4795 16.5134 -0.0080
Entry Signal

MarketClub’s Trade Triangles for SPDN

long term down The long-term trend has been DOWN since Jun 2nd, 2020 at 23.2630

intermediate term down The intermediate-term trend has been DOWN since Mar 11th, 2021 at 17.4295

short term down The short-term trend has been DOWN since Mar 26th, 2021 at 17.3556

Smart Scan Analysis for SPDN

Based on our trend formula, SPDN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SPDN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.5761 16.5761 16.4795 16.5134 -0.0080
Prev. Close Volume Bid Ask Time
16.5214 0 2021-04-14 13:51:00
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