While it may be unpopular over the next few days or weeks – however long it takes for us to test our march lows, investors can be a little more confident going into this bottom.

Unlike March, when we were unsure if the bottom truly had been reached, we’ll have a set of “road markers” to signal when we’ve retested the low. And looking at the relative performance of numerous stocks, we now know what their support levels are.

For example, Bank of America (NYSE: BAC) fell to a low of $2.53 before rebounding to $11, Wells Fargo & Co (NYSE: WFC) dropped to $7.80 and came back to $20, Citigroup (NYSE: C) cratered at .97 before jumping to $4, and JPMorgan Chase (NYSE: JPM) hit a low of $14.96 before recovering to $33.70.

It remains to be seen if these financial giants will retest their March 6th lows. What we do know is that these price levels will act as the floor to support a fall from current prices.

There are a number of ways to play a falling and eventually rising market with indexes and ETFs, but one of the most aggressive ways you can possibly go is through 3X funds. These funds trade at 3 times the movement of their tracking index.

So when the markets look like they’re bottoming for the second time, take a look at Direxion Large Cap Bull 3X (NYSE: BGU) or Direxion Small Cap Bull 3X (NYSE: TNA). Until then, consider the Direxion Large Cap Bear 3X (NYSE: BGZ) for a wild ride down.

But be warned, these 3X funds trade under extreme leverage with derivatives. While they can go up three times as fast, they can plunge just as fast – if not faster. These are not the vehicles to try to time a bottom or top, but rather should be used to hitch a ride for the big movements.

by The Investment U Research Team