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SPXL trade ideas

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.
AMEX:SPXL
by dryanhawley
1
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.
AMEX:SPXLLong
by dryanhawley
3