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Direxion Small Cap Bull 3X Shares

Russell 2000 - Long play

By PivotPoints
Updated
Price stopped (1) right at Pivot S1 and (2) just above Fib 0.876. RSI is also aligned with previous bottom. If a multi-day uptrend happens from here, the 3x ETF will gain more than 3x by the end of the trend due to positive compounding. If choppy volatility instead continues in both directions, then holding IWM would have been the better bet. Survey: Which would you buy here - TNA or IWM?
Comment
Based on futures tonight, the aforementioned support will likely be broken tomorrow (Monday).
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