Bullish Case: Amid historically low prices, mean reversion possible if market downturn; Helium AI's neutral short-term forecast may imply upcoming positive sentiment shift.


Bearish Case: Persistent downtrend and flat price action indicate inherent bearish sentiment; expectation for further decreases amidst absence of bullish catalysts.


Potential Outcomes:

1. 60% market remains stable, SPXS trades flat or downtrends slightly.

2. 25% unexpected market event spikes volatility, SPXS climbs briefly.

3. 15% SPXS downtrend accelerates on market optimism.


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March 27, 2024


Direxion Daily S&P 500 Bear 3X Shares Forecast

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






Correlated Stock Forecasts

Assets that tend to move strongly with SPXS



DOG Forecast + Options Trading Strategies   [DOG]  ProShares Short Dow30 (0.97)


DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (0.97)


SDOW Forecast + Options Trading Strategies   [SDOW]  ProShares UltraPro Short Dow30 (0.97)


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


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



Uncorrelated Stock Forecasts

Assets with little price relationship to SPXS



LXRX Forecast + Options Trading Strategies   [LXRX]  Lexicon Pharmaceuticals (-0.0)


UVIX Forecast + Options Trading Strategies   [UVIX]  VS Trust - 2x Long VIX Futures (0.0)


HYLN Forecast + Options Trading Strategies   [HYLN]  Hyliion (0.0)


BAX Forecast + Options Trading Strategies   [BAX]  Baxter International (-0.0)


DLTR Forecast + Options Trading Strategies   [DLTR]  Dollar Tree (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SPXS



SCHB Forecast + Options Trading Strategies   [SCHB]  Schwab Strategic Trust - Schwab U.S. Broad Market (-1.0)


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


ITOT Forecast + Options Trading Strategies   [ITOT]  BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market (-1.0)


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


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





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