Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Thursday, October 22, 2020.

Direxion Daily S&P 500 Bear 3X Shares (GIF:SPXS)

Bear Market Rally (-75) - SPXS is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPXS as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid SPXS?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPXS.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

GIF_SPXS
Open High Low SPXS Price Change
5.2897 5.3941 5.2745 5.3803 +0.0562
Entry Signal

MarketClub’s Trade Triangles for SPXS

long term down The long-term trend has been DOWN since Sep 1st, 2020 at 5.2110

intermediate term down The intermediate-term trend has been DOWN since Sep 1st, 2020 at 5.2110

short term up The short-term trend has been UP since Oct 15th, 2020 at 5.2996

Smart Scan Analysis for SPXS

Based on our trend formula, SPXS is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SPXS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2897 5.3941 5.2745 5.3803 +0.0562
Prev. Close Volume Bid Ask Time
5.6246 0 2020-10-22 10:41:23
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