SPXL trade ideas
Long todayLook for entry on way up on 1 hour time frame. On the Daily, i want this to retrace back up to At Least the 8 ema or around $44. Keep an eye out on this market volatility. During times like this, If you go into profit, manage your trade with a tight stop, preferably on a smaller time frame. Be careful.
---Ideas are not investment advice
SPXL Going for Short - *Swing P.*** swing position:
strategy : short.
entry : net range - 101.25 / 102.55
stop : 104.95
tp1 : 91.55
no tp2 yet
$SPY $SPX looking more bullishDouble bottom and falling wedge with divergence. Modest at best, but not a bad look all things considered.
SPX - Long - Positional trade - 3 months targetOpened 500 SPXL @ 92.98 . SL 84.00
Possible Drop to 88, will average down then if we drop...
Remember, this is not to day trade, big money, not quick money.
$SPY $SPXL hourly chartSeeing Type 1 Bullish Divergence (rare) on hourly chart for S&P500. OBV and RSI. Short-term signal only. No guarantees.
$SPXL - Bulls Still In Charge; Eye 106.93 near 01 AUG 2016 SYNOPSIS :
1 - Per Predictive/Forecasting Model, underlying force continue to favor bulls
2 - Support near the 77.61 handle offers a probable rebound level
3 - Forecasting Model eyes 01 AUG 2016 vicinity as probable timing in rally
4 - Invalidation: Break of 68.99
Best,
David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster (Twitter)
