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.
MarketClub’s Trade Triangles for SPXL
The long-term trend has been UP since Jul 20th, 2020 at 48.564
The intermediate-term trend has been DOWN since Mar 4th, 2021 at 73.928
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).