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DIREXION SHARES ETF TRUSTDIREXION SHARES ETF TRUSTDIREXION SHARES ETF TRUST

DIREXION SHARES ETF TRUST

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SPXL In at $164.62. Target $170.
Snapshot

SPXL 140c for Friday let’s how it plays out

SPY Head fake on B1 also point of control (red line) for volume. High of day extended looks like a bull flag. SPX SPXL ES1! QQQ
Snapshot

SPY Stayed in the bearish channel all day, looks like it is setting up for a move on highs. Volume pouring in. Bull flag setting up, could invalidate. A measured move to 516.68 with a continuation to HOD. Closing the gap would wipe out so many that shorted this. Manage your risk first. SPXL ES1! QQQ is leading. I have a bullish Bias. Manage your risk first SPX
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SPY Key support and resistance on the day. 2nd bull flag off a reversal with large volume. Won't play into the close but last ten minutes has been volatile for the intraday price action. Powell has a tendency of messing up the markets in the sense of depriving volatility and volume up to his announcements. 3 point range day. qqq slightly leading this. DX reversed nicely. SPXL ES1! SPX go bull flag.
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SPY Range is tightening. Finally setting a morning range over 3 points. Having a bit more volatile lunch trading session can create more entries but still have to be patient. Catching small controlled entries on flags and support and resistance bounces in channels with minimum risk is a scalpers paradise. Sticking to my rules. This pull back is luring retail in to PUTS. Head fake on break of LOD could clean out a lot of positions. QQQ hovering on GAP SPXL ES1! SPX
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SPY This narrow range hasn't produced many good signals. Working on this bull flag for a run at HOD and maybe beyond. Supporting TL has provided a few Scalping opportunities. Will be trading after lunch time chop. Have to protect trades pretty quickly here. Lot of work for small moves. Very close to ATH Double top coming? Tomorrow is a holiday. Manage your risk first. QQQ is not leading today. SPXL SPX ES1!
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SPY 1 point range trading day. tough time focusing. Finally looks like we could test LOD No good entries as they have been chopped out. A return to HOD would take out all these sellers. ES1! SPX SPXL 30 min chart looks like IHS... we shall see. Manage your risk first.
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SPY I rarely play EOD. Nice set up to supporting TL. Bear flags with reversals that take out the Break out traders. Lots to study today. Checking the analysis of bullish FOMC days and pull backs day after show that there is normally a pull back and continuation on buyer side. Be careful trying to call the top and betting on the gap down....It could be a trap. Profit taking is normal on a bullish close. Only to whip around and leave retail holding the bag. Not trading advice. Just my observation. Manage your risk first. Resist the gamble. QQQ SPX ES1! SPXL
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SPX I don't recommend trading off Macro Structure weekly chart . Understanding direction with continuations patterns can reveal set ups in the daily or intraday charts. 2nd continuation on this weekly pattern looks like there is a commitment on buyer side. Buying the dips until you can't buy them any more in a Bull run. BTFDS . Not trading advice. Pattern recognition. SPY SPXL ES1!
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