Rotuma

SPXL Dips below major support at 70.60

AMEX:SPXL   Direxion Daily S&P 500 Bull 3X Shares


We saw prices closed below major support at 70.60 in the daily chart in Friday's session. It has failed two major levels so far. It held up above 73.40 for about 10 ten days before breaking down.
Critical levels to watch in the upcoming sessions are around 70.60 resistance level; it needs to hold at this level to head back up. Critical support is at approximately 66.30; prices could fall to this level if it fails to get back above 70.60

Disclaimer

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.