spx getting to oversold (SPXL)

AMEX:SPXL   Direxion Daily S&P 500 Bull 3X Shares
we are in technical conditions of a selloff and risk averse activity is driving the market. defensive sectors are even doing poorly. there is no reason to think price action will turn around here, vut the price doesnt go anywhere in a straight line. at least one last trip up to mid or upper 95s is a valid target.

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