SPXS Forecast + Trading Strategies


Bullish Case: Despite its historical decline, SPXS indicates potential for sharp rebounds with slight market downturns. With recent slight upticks and persistent high volatility, SPXS may capitalize on quick market corrections or increased fear.


Bearish Case: SPXS's long-term dramatic downtrend, compounded by recent overall market stability, suggests continued weakness. Near-flat implied volatility trends and current pricing levels show little sign of an imminent positive shift.


Potential Outcomes:

1. 70% chance SPXS remains weak with slight fluctuations around $9.5 due to market stability.

2. 20% chance moderate rebound to $10.5 if unexpected market stresses occur.

3. 10% possibility of drop to $9.0 on sustained bullish market sentiment.


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April 26, 2024


Direxion Daily S&P 500 Bear 3X Shares Forecast

SPXS        Direxion Daily S&P 500 Bear 3X Shares
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with SPXS



DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (0.98)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (0.98)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (0.97)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (0.94)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (0.94)



Uncorrelated Stock Forecasts

Assets with little price relationship to SPXS



DLO Forecast + Options Trading Strategies   DLO  DLocal (-0.0)


CQP Forecast + Options Trading Strategies   CQP  Cheniere Energy (-0.0)


NVS Forecast + Options Trading Strategies   NVS  Novartis (-0.0)


QS Forecast + Options Trading Strategies   QS  QuantumScape (0.01)


BXMT Forecast + Options Trading Strategies   BXMT  Blackstone Mortgage (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SPXS



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


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


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


UPRO Forecast + Options Trading Strategies   UPRO  ProShares UltraPro S&P 500 (-1.0)


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


SPXS News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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