Top is in I am know Short SPXL 181.50 NVDA 148.62 long SOXS18.96The video explains TA wise we have topped
Be doing video updates daily show how transfer from that SPXL long 28% to know catch short.
SPXL trade ideas
SPXL bouncing at .618 & .5 retrace area BOUNCE?MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channel (periods 52 39 & 26)
Stochastic Momentum Index (SMI) near oversold level
VBSM popped negative
Price at near.618 and .5 Fibonacci level
In at $159.7
Target is $173 or channel top
Stop loss is $153
Long SPXL @ 140 Target 175Look daily chart holding the 100 day ma
look stoch on bottom turning up
Vol need watch not good more selling buying
watch next few days. It going to be volatile going into election
as we head higher with sell offs do not get scared out longs on these pull backs. Look how we gave half that back like chart said it would good swing trade long know. Have trailing stop in place. Will add when we get above the 50 day ma 147.10
weekly distribution gainthe daily market may top out again, but for now as long as we are above VAH consolidation levels the reversal trend may remain intact.
the ability of this market to recover fully is still very much in question, but for now the daily levels in major equities are reading a technical squeeze.
the daily trend could still retrace to VAH, and very well may sell off POC or 4hr value gap areas according to market structure.
short SPXLsince its leveraged taking small target
patterns 1 to 5 have completed, while ABC correction is in progress according to Elliott Wave Theory. The impending downtrend is likely due to profit-taking amidst overbought conditions, coupled with weakening investor sentiment and potential market corrections, signaling a short-term bearish outlook.
The reduction target is $60According to the butterfly pattern, a decline is looming with a target of $ 60, where there will be an excellent point for further overshooting.
SPXL 2HR Return to MeanLooking like this next couple of weeks can be green again. Following that I do expect November and December to be bearish for the SPX indices. Good Luck!
SPXL SPXS. The Direxion Daily S&P 500® Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500® Index. There is no guarantee the funds will meet their stated investment objectives.
SPXL: Bearish Deep Crab with PPO Confirmation at HOP LevelThis is the 3x Leveraged ETF for the SPY, and at the moment we have a 3 Line Strike with a PPO Confirmation Arrow at the HOP level of a Bearish Deep Crab with Bearish RSI Divergence.
If this plays out, I think the SPXL will at least make a 0.618 Retrace of the range, but it could go as deep as 100% or even more.
SPXL - Rising Trend Channel [MID -TERM]🔹POSITIVE signal from the rectangle formation by a break up through the resistance at 86.23 and next resistance 113.
🔹Between support at 75 and resistance at 95.
🔹Technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Long SPXL 80.65look at the sideways action and broke up and out boom.
look Daily stoch turning over look vol getting less.
I sold 3/4 @ 89.20 keeping 1/4 on. support 82. Waiting to
add.
I see Nice 10% correction coming
Stop on SPXL is 78.95
SPXL Weekly Break outI have been DCAing into SPXL and TQQQ the last 3 months. 5% left to allocate for these accounts and will DCA that the next 3 weeks presumably into any pull backs.
We got the MA 200 break out folks. Holding this trade for at least 1 year.
guess what? this is a bull marketYes, it's true, believe it, today the only one structure that could take us down has been broken, it was a raising wedge crossing the symmetrical triangle, so, every stock that you buy and fall could recover making new market gurus.
$SPXL putbought June 23rd $82 put for $1.60
I expect a general market correction.
I intend to close the position before expiration.
SPXL - Breakout Ceiling of Falling Trend Channel- SPXL has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- SPXL is moving within a rectangle formation between support at 62.45 and resistance at 83.75.
- A decisive break through one of these levels indicates the new direction for the stock.
- The stock has marginally broken up through resistance at 75.00.
- Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
Are we about to make a measured move higher?Of course this is a leveraged ETF, but the underlying indexes, SPX, and futures, /es both look the same. The context is as follows:
I looked for previous years where the S&P500 had a large drop, and then formed a flat top wedge over the coming months. I found 3 instances that you can see annotated in the charts.
If you examine these formations you will see that in each instance the Index broke out and made a measured move upwards.
What is a measured move? Measure the thickest part of the wedge to get a % gain. When the underlying security breaks out of the narrowest part of the wedge it will often move the same percentage upwards.
In our current scenario we have made a 50% move this year in SPXL and formed a flat top wedge pattern. If this pattern can be broken to the upside another 50% gain will take us up to a price target of119+/-
There is still a wall of worry out there, and anything could happen, so take this with a grain of salt.
Stay tuned for further updates...........
Long SPXL 72.23Earning season SPY SPXL usually rally
Looking rally 79
my stop is 72.57
Daily stoch needs turn up or we can drop to 73.08 support
45% Vs 57%Yes, we are in the middle of something, let me explain.
we have a well formed rising wedge that is a bearish pattern, inside of an giant bull flag in theory we should se that pattern ending but that pattern is inside of 3 symmetrical triangles, one confirmes another 2 close to be confirmed, the symmetrical triangle is a reversal confirmation, so we should see a continuation for the uptrend.
Green arrow point to the symmetrical triangles
Blue arrow point to the giant bull flag
Orange point to the wising wedge
If for some reason the rising wedge was the winner the next week, could take us 45% down from here.
But if the symmetrical is the right pattern and we are watching a trend change, we should see to complete the bull flag with more than 50%.
I think that because the giant bull flag is too old, the symmetrical triangles are dominant and we should se the up trend continuation.
SPXL ShortSPY at resistance, trendlinebreak + retest
SPXL is 3x Bull SPY, if SPY down 10%, SPXL will done 30%.
Short entry 74.8
Stop 80
Target 60, 50
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk (hard stop) of each short term trade should be less than 1% of an account.
Double supertrend with Bulls Bears PowerTrend analysis. Shows support and resistance with indication of who's in power. Bulls or Bears!
The last time Jerome...Do you remember Jerome powell talking about his failed policy, warning us of further increases?, that day 2 symmetrical triangles were destroyed, now we are maybe seen the born of a new one, why this change?
NO MORE INTEREST RATES INCREASES, that means that all the adjustments to the valuations are now fully reflected in the market., the Fed's desire to increase their asset values should lead to a bull run.
But, if the bank crisis goes further, maybe we can see the conclusion of something that looks like a broadening raising wedge taking us tu Oct. levels
