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Index Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

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

Crossroads (-60) - SPXL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
75.450 77.240 70.257 76.674 +4.178
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 down The intermediate-term trend has been DOWN since Mar 4th, 2021 at 73.928

short term down The short-term trend has been DOWN since Feb 18th, 2021 at 80.720

Smart Scan Analysis for SPXL

Based on our trend formula, SPXL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SPXL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
75.450 77.240 70.257 76.674 +4.178
Prev. Close Volume Bid Ask Time
76.674 0 2021-03-05 16:10:15
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