Direxion Daily S&p 500 Bull 2x Shares ETF Forecast

Buy or Hold candidate since Apr 09, 2026 Gain 17.03%

The Direxion Daily S&P 500 Bull 2X Shares ETF price gained 0.600% on the last trading day (Monday, 8th Jun 2026), rising from $209.90 to $211.16. During the last trading day the ETF fluctuated 1.84% from a day low at $210.51 to a day high of $214.38. The price has risen in 8 of the last 10 days but is still down by -1.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately $5.33 million.

The ETF lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 37.68% during the next 3 months and, with a 90% probability hold a price between $280.22 and $312.47 at the end of this 3-month period.

SPUU Signals & Forecast

The Direxion Daily S&P 500 Bull 2X Shares ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the ETF. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $218.61. On a fall, the ETF will find some support from the long-term average at approximately $209.12. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 02, 2026, and so far it has fallen -5.31%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Direxion Daily S&P 500 Bull 2X Shares ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $192.82 and $178.48. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Direxion Daily S&P 500 Bull 2X Shares finds support just below today's level at $192.82. If this is broken, then the next support from accumulated volume will be at $178.48 and $169.05.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $3.87 (1.84%) between high and low. For the last week, the ETF has had daily average volatility of 1.96%.

Our recommended stop-loss: $199.12 (-5.70%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (SPUU) For The Upcoming Trading Day Of Tuesday 9th

For the upcoming trading day on Tuesday, 9th we expect Direxion Daily S&P 500 Bull 2X Shares to open at $212.02, and during the day (based on 14 day Average True Range), to move between $209.17 and $213.15, which gives a possible trading interval of +/-$3.98 (+/-1.90%) up or down from last closing price. If Direxion Daily S&P 500 Bull 2X Shares takes out the full calculated possible swing range there will be an estimated 1.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $211.31 (0.07%) than the support at $192.82 (8.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Direxion Daily S&P 500 Bull 2X Shares ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Direxion Daily S&P 500 Bull 2X Shares ETF to perform well in the short-term.

Current score: 2.868 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 9, 2026 - $212.02 ( 0.406%).

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