SPXS Forecast + Trading Strategies


Bullish Case: A potential market downturn could trigger substantial mean reversion for SPXS, supported by high implied volatility and recent strong call volume. This indicates anticipation for upward movements due to market stress.




Bearish Case: Persistent market stability and low trading volumes suggest continued resistance for SPXS, limiting upward potential. The prevailing downtrend further supports bearish sentiment in the near term.




Potential Outcomes:

1) 60% chance SPXS stabilizes near $6.00 as volatility stabilizes;

2) 25% chance rebounds to $7.00 from market stress;

3) 15% possibility of further decline to $5.00 if bullish trends persist.




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November 17, 2024


Direxion Daily S&P 500 Bear 3X Shares Forecast

SPXS        Direxion Daily S&P 500 Bear 3X Shares











Correlated Assets

Assets that tend to move strongly with SPXS



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


AZUL Forecast + Options Trading Strategies   AZUL  Azul (0.91)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (0.91)


JACK Forecast + Options Trading Strategies   JACK  Jack In The Box (0.9)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (0.89)



Uncorrelated Assets

Assets with little price relationship to SPXS



DDOG Forecast + Options Trading Strategies   DDOG  Datadog (-0.0)


S Forecast + Options Trading Strategies   S  Sprint (-0.0)


HIVE Forecast + Options Trading Strategies   HIVE  HIVE Blockchain (-0.01)


PPSI Forecast + Options Trading Strategies   PPSI  Pioneer Power (0.01)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against SPXS



FTAI Forecast + Options Trading Strategies   FTAI  Fortress Transportation and Infrastructure Investors (-0.97)


KKR Forecast + Options Trading Strategies   KKR  KKR (-0.98)


DGRO Forecast + Options Trading Strategies   DGRO  iShares Core Dividend Growth (-0.98)


BSX Forecast + Options Trading Strategies   BSX  Boston Scientific (-0.98)


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









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