Direxion Daily Large Cap Bear 3X: Buy At $30

 | May 21, 2014 01:05AM ET

From a technical view, the ETF broke above a declining trend line.

Regarding technical indicators, the 20-day simple moving average is turning up.

On a relative basis against the S&P 500 Direxion Daily Large Cap Bear 3X Shares (ARCA:SPXS) looks set for a rebound.

Trading strategy:

Buy at $30 - Stop loss at $28.80 - Target at $33.7