SPDN seems to be a short sell for now

AMEX:SPDN   Direxion Daily S&P 500 Bear 1X Shares
SPDN has just reached the bottom of the last spike and it’s a crucial point in the stocks history. It can either do one of two things at the stocks spike support, or the same two things at the stocks base support. Really I think the safe thing to do is short so even if it stabilizes at the spike support, you’ll be able to buy and make some profit, albeit not that much. Also, I think the stock will continue the downtrend that is has, but that’s just my opinion. See the link down below for some more charts that might come true.

(Not financial advice)

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.