After reaching highs last week, the S&P 500 retreated to start this week, but even with inflation data ahead, more gains could come for the Direxion Daily S&P 500® Bull 3X Shares ETF (SPXL). S&P 500 Traders for Bulls and Bears Traders looking to ride the crest of the S&P 500 wave with leverage can do so with the bullish SPXL. “The important drivers of the market, I think, remain intact — earnings and interest rates,” said Leo Grohowski, CIO at BNY Mellon Wealth Management.