SPX The Direxion Daily S&P500 Bull 3X ETF currently presents positive signals based on its moving averages. Both the short and long-term Moving Averages indicate buy signals, reinforcing a positive outlook for the stock. Additionally, there is a general buy signal derived from the short-term average being above the long-term average.
However, some negative signals have been issued, which could potentially influence the stock's near short-term development. A sell signal emerged from a pivot top point on Wednesday, July 19, 2023, resulting in a 2.00% decline so far. Further decline is anticipated until a new bottom pivot is established. It is noteworthy that volume fell alongside the price during the last trading day, which reduces the overall risk since volume should follow price movements.