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DIREXION SHARES ETF TRUST

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SPXL trade ideas

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
SPXL long updateLook daily stoch on bottom and look bounced off the 100 day for the 2 nd time. See the first time I bought off 100 day ran 122 to 139 took profits. look she dropped again. I said she breaks 50 she goes 100 and she did. Went back long 100 day again 124 its 139.63 took some profits up here staying long Look weekly stoch looks great rolled up over higher low. They may run this 1st week Jan eoy shit. target 150-155 has to break 142.60 first. they will squeeze this shit have trail in place.
AMEX:SPXLLong
by john12