Bullish Or Bearish On The SPY? These Direxion ETFs Offer 3X Leverage

The SPDR S&P 500 (NYSE:SPY) closed 0.39% higher on Friday, recapturing the 200-day simple moving average (SMA) after struggling at the level intraday.

Whether or not the market is about to experience another bull rally and negate the bear market, or whether Friday’s price action is just another bull trap, remains to be seen.