SPXL trade ideas
SPXL ShortIn Uptrend Wedge
Gap Down 2/22/2021
Gap Down 2/23/2021
Short 77
Stop 85
Target 50
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
SPXL Dips below major support at 70.60
We saw prices closed below major support at 70.60 in the daily chart in Friday's session. It has failed two major levels so far. It held up above 73.40 for about 10 ten days before breaking down.
Critical levels to watch in the upcoming sessions are around 70.60 resistance level; it needs to hold at this level to head back up. Critical support is at approximately 66.30; prices could fall to this level if it fails to get back above 70.60
Kiss the ringWhich option will she choose?
The red or the green one, that is the question!
Interested in your comments.
[SPXL] And You Thought SPX Was Weak... 3D SPX Futures Freefall!You can speculate on future price, that's futures.
Speculating on the degree of future price movement, that's SPXL.
Not many people leveraging up 3x to bet on upside, SMA 21 can't even keep up!
This thing free fallin like full moon fever.
Next week should be fun B).
[SPXL/SPX x SPX] SPXL Megaphone Puts SPX Megaphone to Shame!SPXL Megaphone pattern is broader and what's worse is that Price only made it just over HALFWAY back up rather than all the way back to the top again as SPX achieved.
Now SPXL Price is barely hanging on at dead center of the Megaphone and the trend here is overwhelmingly more BEARISH than the SPX trend would suggest.
I pegged these two starting from the first peak in the megaphone. Another reason I'm looking for much more downside to come.
SPX500 Near Future Time and Price SetupLook to the past price and time points for the future time and price setups.
[SPXL] Falling Wedge: Get Ready to Short the BREAKOUT!When this thing breaks Mon or Tues, we're supposed to get some upside reversal movement but that won't last for long.
Will make for another good short entry point here before it continues heading down through October.
[SPXL] Megaphone Trading Range: Dialing In BULL RUN Strength!Still in it's infancy but we got the start of our SPXL trading range and Treasure Map.
Targeting at least magenta $42 line here before even considering any longs.
Solid chance we'll get down close to bottom of this megaphone in long run before any new ATHs.
[SPXL x SPX] Bearish Diverg: BULLS Not Putting Money to MOUTH!Just look at this massively oversold market.
At 3x leverage the Bulls have entirely chickened out of the market to an astonishing degree.
One of the best data points I've found for the dead cat bounce case.
While SPX was setting ATHs, SPXL was setting dramatically LHs.
Finally found the ideal market to long SPX with UVXY profits when the time is right B).
We may be at the end of the down move, but it still looks bearshlook at the Stochastics, extreme overbought sell still in effect. Let me find the chart in the right timeframe.
My shorrts are nearing the Camirilla Pivots weekly R$ my trading plan is not disionary, I must take profits soon i think.
SPXL: Wyckoff Distribution to Under $29Sell SPXL or buy SPXS based on Wyckoff distribution with UTAD that began at white vertical dotted line. Given the drop in March, I don’t think we’ll see a new low. However, I suspect price will drop to between $29-$23.
ABC BullishThis is LEVERAGED. I am just drawing what I see. I would never buy leveraged anything on an up day
Many do not like to trade using leverage
It can go up or down considerably in one day. Very dangerous especially if you hold on to it. This is up today but could be down 5 dollars or more tomorrow if SPY has a bad day.
I own a little bit so it does not make or break me.
Definitely not a recommendation and trading with leverage is not for the faint of heart!
SPY, ES, SPX, SPXL LONGIf you have been around here for 3 or 4 years you will recall me declaring 2018 a 4th wave correction, and we went down for a year, then I said we would go up for a final 5 elliot waves, and we did. If you have been around 1
year you will recall my shorting the exact 5 minute candle last February when we went down hard and fast. then up on what I said would be a complex 5 wave correction, all the other elliotitions said it would be a simple B
wave... My one mistake, and this is the point of this Idea was attempting to short the 62% Fibonacci correction.... this was when the Market Manipulation really got obvious. I have been trading for 58 years, bought my first shares
at age 7... and of course the market has always been manipulated, but usually in the past they were stealthy about it, not anymore... With the Fed (a private bank owned by the Rockefeller, Rothschild, JP Morgans of the world
handing out money to hedge funds to pump this baby up, most of the perma bears have left this room bankrupt. Some of this is my colorful way of speaking, let's not quible over the details... the point is they may make minor
corrections, but only a fool keeps shorting corrective waves... Think about it the Market moves up and down in a primary trend direction.... look at the NQ, and now the ES and the YM follow... we are going up, most of the time.
The two targets on this chart are as good as any... Ever since i quit trying to short I have been making money hand over fist.
Long here Target 48ishUsing the charts and the indicators, this looks like a good entry for a 14 day or so LONG. 48 Target. 43 Stop
SPXL long from the bottom, with confirmation nowWe have many positive factors in play, Seasonality ( election year ), the FED, an Camarilla Weekly S4 bottom, a Donchian Channel bottom, Itchimoku Clouds under us, and a Doji followed by a bullish harami, and then bullish engulfment... I tend to get in early while everyone else is still short, but this time I waited for confirmation to post... my target is the 200 EMA above us, my favorite long tool is the SPXL and this is a swing trade.
