SPXL Short 116.17Look daily rolled over on bottom
Looks like it wants to roll up will see
Look weekly heading south as long that stays south the rally will fail
we are crashing. With rally's
SPXL trade ideas
SPXL , SHORT So , here's another trade that I'm really not confident in . But just following the wedge drop signal .
Also seems like bulls are having trouble taking out local daily resistance between 74.21 and 71.23 and making a higher high , we instead have 3 lower lows and seems like 3 times trying something and failing increases the probability of another leg down maybe ...
On the flip side however , we are in a range and the longer we stay in this range the more closer the odds of a break up come from favoring the bears slightly to being closer to even odds of up or down . I say that based on Al Brooks price action ,which I have found pretty helpful .
67.22 in
Stop 71.80
PT1 - 62.61 , sell 1/4 , raise stop to half risk
PT2 - 57.64 , sell 1/4
run balance ...
SPXL , SHORTJust taking the WD here on SPXL/SPY
I see that the volume on today for both spy and qqq is below average , so not distribution days even though the volume shown here on SPXL is high I think that SPY's volume take the precedence . That is one thing that I think is against this trade ...
None the less we still have a stage 4 downtrend wedge drop so took the trade .
Entry 67.41
Stop 74.86
PT 1 , 60.22 , sell half and stop to half risk
PT 2 , 52.98 , sell 1/4
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SPXL in bear market by Jan endSPXL shows it's been in down trend (bear market) since Jan 24, where we see: both EMA crossing & BBP very negative. Then we sell & buy SPXS. We won't see bottom until: both EMA cross again & BBP very positive. Be patient & wait for bears to finish eating.
multiple scenarios for mondaydepending how futures market plays out tonight and if people keep buying a mondays open we cod have very different outcomes. the bull case is essentially if we see RSI, Double STOCH signal remain positive or if we hit resistance at gap close and continue lower or make a double bottom. even in the bull case we could rally for a couple weeks and then double bottom. bias cautiously bullish as there are more bull scenarios than bear. even the magenta path is a bull scenario for a few days. staying over TRAMA and causing VWMA to rise with it means strong support for bulls.
Shorted SPXL 113.13Daily stoch heading south
Under all MA
100 DAY MA ready death cross 200 day down side
more selling buying
Target 105
SPXL SWING TRADE FROM SHORT TO LONG 114.37Got out SPXL short now long
look daily stoch still heading down
near bottom and SPXL holding 50 day
trailing stop in target 120- 124 50 day or 200day MA.
stop drop again
SPXL Short 128.04 Look daily chart see stoch turning down u also see the buying vol very low look how its dropping black line on vol
It also went into lots resistance 128 area
Target 123.124 area
My hedge on spy long
Stocks - SPXL/S&P Buy the FearIdea for SPXL:
- Buy the Fear
- Long Apr 14 111C (10.80 debit)
GLHF
- DPT
spx getting to oversold (SPXL)we are in technical conditions of a selloff and risk averse activity is driving the market. defensive sectors are even doing poorly. there is no reason to think price action will turn around here, vut the price doesnt go anywhere in a straight line. at least one last trip up to mid or upper 95s is a valid target.
Shorted SPXL @ 126.86Daily stoch will start turning here short small shares at first.
lower highs on daily.
multiple cup and handle patterns forming on spxl need to clear the 1st cup and handle pattern, then see another retest that will lead to another cup and handle breakout
cup and handle breakout set up looking for a breakout of the handle and retest of the supply zone. short term target 106
probable tightening range (SPXL)given the amount of retracement if we stay over 97 and attract volume setting and confirmin this as a higher low around the .5 its likely we enter a tightening range going for a touch of vwma and then setting a lower high. id like to close that day around the highs for a bull daily case. horizontals are valid targets.
.618 retracement seems like its a buy for broader markets (SPXL)109.56 would be a great higher low to put in if we get bounce into the end of the week. i trust that if we keep cloaing over 105 on the daily that we will be back up at 123 in a couple weeks time.
correction?It's is very possible to see SP going up in a few days and go higher than the last time. so stay tuned!
seems a lot like volatility has returned as the norm (SPXL)theres a chance that getting back to all time highs may take a lonh time, and when we get there we may be heading into another drop. if volatility has returned as the new norm there is a lot of evidence to suggest that we wont see a stronger market than 2021 until at least 2023. should we make a second break to the downside whether it is sooner or later a touch of vwma monthly is not unthinkable.
Staying long SPXL @102.00Ok lets break this down very simple
I am long only off the daily stoch see bottom turned up
and the capitulation candle. I see this rallying into the 100 day 127 or the 50 day 131.50 spy be 455 - 460 area to fail then possibly shrt and SPY UNDER 50 AND 100 DAY MA
Look weekly stoch heading down so its considered still a down trend
SPXL LONG @ 102 1/24/2022Went long SPXL @ 102 yesterday. Look at the daily candle called a capitulation candle shorts pounded long came in yes the PPT. They will do what they can get back above 200 day
Daily stoch turning up we held the low today of yesterday drop. I see rally to 450-460 area to the 50 day ma fail, drop make new lows. CRASH HAS STARTED TOPS IN.
Look weekly stoch heading down trend is down I am playing daily stoch to 50 day then short
we should see a bounce some time in the following week (SPXL)i really want to stress that i am not saying the daily/weekly trend is going to change right back to bull.
with that said, i think there is money to be made long over the next week, as long as futures sunday dont have the craziest bear session since corona.
some shorts are going to cover on the next drop, and this is going to cause a small squeeze.
i dont think all time highs are in the cards yet for broader market bulls. i do think 106 and 119 are reasonable targets. rsi is diverging bullishly, and dipping into the high teens would signal oversold conditions.
i realize this differs from my SPY forecast. that is a long term forecast on an unleveraged asset. i am using different strategies for different instruments.
qqe long entry signal should be due soon, although there have already been 3 signals that only led to small bounces, and not a return to a bull trend since the top.
SPXL long update www.screencast.com
Look at that stoch heading south and are we under the 50 day MA
and we made that lower high, See S1 130.74 we closed above support so I took some off shrt made 7% still shrt
Weekly rolling over some not enough though playing the daily chart stoch, support.
SPXL SHORTED @ 139.50Daily stoch going up but as I said earlier in long she is making lower high.
look vol more selling then buying. Look todays candle
Lets see Daily starts roll over and we close under 50 day MA
Have trailing stop in
Target 128
