AI SPXS Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: If market volatility rises significantly, SPXS could benefit from its inverse relationship with the S&P 500, potentially leading to sharp price increases. High implied volatility suggests trading opportunities for long call strategies.




Bearish Case: Current low price and flat trading action indicate continued weakness. With the majority of historical returns in negative territory, further declines are likely, particularly if overall market conditions remain stable.




Potential Outcomes:

1) 50% chance of a decline to $6.00;

2) 30% chance of consolidation around $6.30;

3) 20% chance of a correction towards $7.00 as volatility spikes.




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October 20, 2024


Direxion Daily S&P 500 Bear 3X Shares Forecast

SPXS        Direxion Daily S&P 500 Bear 3X Shares
















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