Looking To Play The SPY To The Upside? This Fund Offers 3X Leverage

The SPDR S&P 500 (NYSE:SPY) gapped up over 1% higher on Wednesday to trade back within a rising channel from which the market ETF broke bearishly on Tuesday.

Whether or not the market will continue higher or trade sideways to consolidate Wednesday’s move higher remains to be seen, but an uptrend has been confirmed, which could provide a solid trade for bullish traders.