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SPDN is Neutral after 6.5% Upswing
Direxion Daily S&P 500 Bear 1X Shares
SPDN is Neutral after 6.5% Upswing
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2023年9月13日
0
2023年9月13日
Starting in mid-July I starting giving market updates with a $13.90 price target for entering SPDN.
On July 27, SPDN presented that buy opportunity with a drop down to $13.85, just 5 cents under the price target (marked by the white circle).
Since July 27 SPDN had a 6.56% upswing that corresponded with SPY's 3-week correction.
However SPY had a bullish bounce off the red support level and the S&P has been relatively neutral since.
SPDN is currently neutral around the midrange of the Bollinger Band with no clear direction.
Key Price Levels:
SPDN has support at $13.90 and $13.99, but this support level could break if SPY continues its bull trend over the next few months
SPDN's key sell targets on the way up are $15.07 and $15.62.
Chart Patterns
Technical Indicators
Trend Analysis
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