Direxion Daily FTSE Europe Bull 3X Shares Price & Performance (EURL)

Chinese stock markets saw a significant recovery as the CSI 300 Index surged 2.4%, driven by expectations of government measures to boost consumption and ease lending. This came after the People's Bank of China hinted at potential interest rate cuts. However, concerns over trade tensions and deflation linger.1

Technical analysis for EURL suggests buying near $27.61 as a support level, while resistance at $30.56 indicates potential short opportunities. Day traders are advised to watch for breakouts above resistance or tests of support for ideal entry points. Risk management is emphasized with stop-loss recommendations.2

The SPDR S&P 500 ETF Trust (SPY) recorded outflows of $1 billion as investors reacted to escalating trade tensions and a weak jobs report. In contrast, the iShares 20+ Year Treasury Bond ETF (TLT) attracted $1 billion, reflecting a shift toward safer assets during heightened market volatility.3