
Technical analysis of Direxion Daily S&P500 Bull 3X Shares (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
SPXL is an investment fund that provides 3X daily leveraged exposure to the S&P 500 by replicating the index's performance through financial instruments such as swap agreements, index securities, and ETFs. The fund invests at least 80% of its net assets in these instruments to achieve its daily investment objective.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for September 4, 2026, computed on the last 12 months of prices.
21 sessions
290.67 $
−0.13%
50 sessions
279.15 $
+3.99%
200 sessions
242.06 $
+19.93%
s2
284.94
Support
s1
289.39
Support
pivot
292.14
Pivot
r1
296.59
Resistance
r2
299.34
Resistance
In the September 4, 2026 session Direxion Daily S&P500 Bull 3X Shares closed lower at 290.29 $, −1.21% versus the previous session.
The price sits mixed against its moving averages: −0.13% against the 21-session average, +3.99% against the 50 and +19.93% against the 200.
The 14-period RSI reads 53.9, in neutral territory.
MACD stands at 2.381 against a signal line at 3.101: the histogram is negative (−0.720).
ADX reads 13.2, indicating weak directionality.
Levels computed on the latest session place supports at 289.39 and 284.94 $ and resistances at 296.59 and 299.34 $, around a pivot of 292.14.
The average daily range (ATR) is 6.882 $, or 2.37% of price.
Turnover was 1.2M shares, 90% of the 20-session average.
Over the last twelve months the price ranged between 167.71 and 303.18 $, and today stands −4.25% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is Direxion Daily S&P500 Bull 3X Shares analysed technically?
Technical analysis of Direxion Daily S&P500 Bull 3X Shares is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Direxion Daily S&P500 Bull 3X Shares?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Direxion Daily S&P500 Bull 3X Shares?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Direxion Daily S&P500 Bull 3X Shares it helps frame the technical structure of the historical chart and is not a forecast.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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