BATS:SPXL   Direxion Daily S&P 500 Bull 3X Shares
since its leveraged taking small target
patterns 1 to 5 have completed, while ABC correction is in progress according to Elliott Wave Theory. The impending downtrend is likely due to profit-taking amidst overbought conditions, coupled with weakening investor sentiment and potential market corrections, signaling a short-term bearish outlook.
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