On the flip side, when the S&P 500 rises, traders can play to the upside with the Direxion Daily S&P 500® Bull 3X Shares ETF (SPXL). "The IBD/TIPP Economic Optimism Index for August fell to its lowest level in more than a year as recession fears waned but inflation concerns revived," Investors.com reported. Whatever the S&P 500 does, traders have opportunities to play both sides of the index with leveraged exchange traded funds (ETFs) from Direxion Investments.