On shorter timelines there is upside, I hope. Backing out until I could see a clear pattern, on the daily timeline looks like we're on the start of leg C down after a nice 5 Wave up
A .236 retracement would have us bounce around $55.43
Sadly, I did my long term homework after the fact and missed the peak. Expecting to get SL'ed out and lose on a long UPRO position.
Pundits all shouting Bull, and I bit post election, but that's not what the trends show me. The numbers say S&P500 down for a bit (About 6% SPX/18% UPRO).
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
A .236 retracement would have us bounce around $55.43
Sadly, I did my long term homework after the fact and missed the peak. Expecting to get SL'ed out and lose on a long UPRO position.
Pundits all shouting Bull, and I bit post election, but that's not what the trends show me. The numbers say S&P500 down for a bit (About 6% SPX/18% UPRO).
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Note
Stopped out today as it continued to fall. SPX/UPRO keep sucking me in only to spit me out. Nasdaq is my friend, S&P hates me.Note
Missed so far. Went up slightly, and all technicals look good for continued movement up. I'm long, just watching for a market reversal that may not happen. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.