AI SPXL Forecast + Trading Strategies

Price Forecast:


Bearish<->Bullish


Bullish Case: A bullish case arises as SPXL's implied volatility is forecasted to rise steadily, indicating strong market sentiment and potential price appreciation driven by positive macroeconomic indicators and investor confidence.


Bearish Case: Conversely, a bearish case could emerge from geopolitical tensions and disappointing earnings that might dampen market sentiment, causing implied volatility to spike and exert downward pressure on SPXL prices.


Potential Outcomes:

1. 40% chance of SPXL rising to $168 by October due to positive market trends.

2. 30% chance of a consolidation phase around $155.

3. 30% chance of a pullback to $145 if negative news breaks.


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September 22, 2024


Direxion Daily S&P 500 Bull 3X Shares Forecast

SPXL      Direxion Daily S&P 500 Bull 3X Shares











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Assets that tend to move strongly with SPXL



IVV Forecast + Options Trading Strategies   IVV  BTC iShares Core S&P 500 (1.0)


VOO Forecast + Options Trading Strategies   VOO  Vanguard S&P 500 (1.0)


SPLG Forecast + Options Trading Strategies   SPLG  SPDR Series Trust - SPDR Portfolio S&P 500 (1.0)


VTI Forecast + Options Trading Strategies   VTI  Vanguard Total Stock Market (1.0)


SSO Forecast + Options Trading Strategies   SSO  ProShares Ultra S&P500 (1.0)



Uncorrelated Assets

Assets with little price relationship to SPXL



AI Forecast + Options Trading Strategies   AI  C3.ai (-0.0)


NOC Forecast + Options Trading Strategies   NOC  Northrop Grumman (0.0)


W Forecast + Options Trading Strategies   W  Wayfair (0.0)


BABA Forecast + Options Trading Strategies   BABA  Alibaba (-0.0)


AMR Forecast + Options Trading Strategies   AMR  Alta Mesa Resources (0.0)



Anticorrelated Assets

Assets that tend to move strongly against SPXL



MED Forecast + Options Trading Strategies   MED  Medifast (-0.94)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.99)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-1.0)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-1.0)


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (-1.0)









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