Direxion Daily S&P500 Bull 3X Shares [SPXL] Stock Forecast

Of 35 Leveraged-Long ETFs, today's 3x S&P 500 Index, SPXL, is appraised by the Market-Making community's trading actions as offering the biggest, most likely capital gain. A 3-5 month prospect from here of SPXL ETF prices could reasonably range from a $60.69 low to an $80.97 high from its $63.66 present price, a gain of +27.2%.

According to JPMorgan, there's still more upside ahead in the S&P 500 and the index could reach 4,800 in the next 2-3 months.

As summer starts to wind down, the S&P 500 appears to be cooling down with it. As the Federal Reserve resumes its hawkish stance with its interest rate hiking, recession fears are starting to bring down the S&P 500.

As we consider the risks that the markets face today, investors can turn to tactical exchange traded fund strategies to help better manage risks in these challenging conditions.

We have experienced a tumultuous year, but heightened market volatility also creates opportunities for savvy traders to aim to capitalize on market gains or pains. As markets continue to oscillate, traders can turn to leveraged and inverse strategies in tactical ways to help manage their risks.

The S&P 500 may rally in 2023 as inflation may ease next year on continued rate hikes and economic balance gets restored.

The S&P 500 has been higher three years later in eight out of nine cases in which the index has dropped 20% or more from an all-time high going back to 1957, according to research from Trust co-chief investment officer, published on a Yahoo Finance article.

The CBEO Volatility Index, or simply the VIX, is up over 60% this year. Traders looking to trade the S&P 500 can make volatility their friend with a pair of exchange traded funds (ETFs) from Direxion Investments.

SPXL seeks daily investment results of 300% of the performance of the S&P 500 Index. We are currently navigating an environment where investment managers are holding record amounts of cash in their portfolios.

In times of heavy market volatility, large caps are proving their mettle when it comes to leveraging exchange-traded fund (ETF) products from Direxion Investments. These larger cap companies typically have the financial wherewithal to blunt the heavy movement of a market downward given their relative stability in volatile times.