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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 (?)











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