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SPXL trade ideas

S&P 500 down more than 20% half-yearStock costs dropped forcefully this previous week as the S&P 500 finished its most obviously terrible first 50% of any year in the greater part a long time. The S&P 500 dropped 20.6% in the initial a half year of 2022, its most horrendously terrible execution in the initial two quarters starting around 1970. The Dow Jones Industrial Average is additionally down over 14% year-to-date, while the tech-weighty Nasdaq has fallen generally 30%. On Monday, a few major U.S. banks declared they are raising their profits subsequent to passing the Federal Reserve's yearly pressure test. Bank of America raised its profit by 5%, Morgan Stanley raised its payout by 11%, Wells Fargo helped its profit by 20% and Goldman Sachs climbed its profit by 25%. Kohl's portions dropped 21% on Friday morning after the organization pulled out from buyout discussions with Franchise Group. Establishment Group had recently proposed a buyout of Kohl's at a cost of $60 per share, yet Franchise had supposedly been thinking about bringing its proposition value down to around $50 per share before talks separated. The greatest negative impetus at stock costs in 2022 has been tirelessly raised expansion, yet new information from the Bureau of Economic Analysis recommends the Federal Reserve may at long last be gaining a touch of headway in battling taking off costs. On Thursday, the BEA detailed the Personal Consumption Expenditures (PCE) list was up 4.7% year-over-year in May, down marginally from a 4.9% increase in April. LIKE, COMMENT, SHARE AND FOLLOW. DUNHAMEGOR ON ALL SOCIALS .
AMEX:SPXLLong
by DEinvestment
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.
AMEX:SPXLLong
by cerealpatterns
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.
AMEX:SPXL
by cerealtrades
spx run up at gap close may fail (spxl)if we dont break 133.33 confidently, and confirm 15 min reversal pattern with a lower low 131.85 this may signal overheated conditions in spx should we keep the uptrend holding 130.69 and continuing higher i imagine we have a go at 135, although id still be wary of buying borader markets right now except for a quick flip if we dont hold 130 and cant get back over 130.66 we will probably see 127.66 again soon volatility comes in waves the odds we close up at the highs are low but if we do theres a good long in it
AMEX:SPXL
by cerealtrades