Direxion Daily S&P 500® Bear 3x Shares (SPXS)
The upside prevails
Regarding technical indicators, the daily RSI is supported by a bullish trend line and the 20 day simple moving average is rising and maintains upward momentum.
On a relative basis against the S&P500, the Direxion Large Cap Bear 3X Shares has broken above a key resistance area and looks set for a rebound.
Buy @ $17.87 – Stop loss @ $17.10 – Target @ $19.5
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