Direxion Small Cap Bull 3x | TNA | Long in the $30s

Markets are forward looking. When the Federal Reserve drops interest rates (perhaps in 2024?), I anticipate money to flow into the heavily beat-down small-cap market (filled with stocks most negatively impacted by high interest rates). RUT would rise rapidly, and my bet is on TNA to follow.

From a technical analysis perspective, the fact there is a gap to close for TNA in the low 90s is enticing. It may be a bumpy or speedy rise there, but the $30's have been a personal buy zone.

Target #1 = $54.00
Target #2 = $92.00
Economic CyclesMoving Averagesrussell2000RUSSELL 2000TNATrend Lines

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