N0tSwift

N0tSwift Updated 

Are we going to bounce off of the February High? or are we going to continue on the current downward trend? Thoughts? March high is providing support two bounces so far. Possible A leg of correction. Trend channel down continues to provide resistance. Still a long way down to the 200MA Daily chart shows trading in a narrowing wedge. *INFORMATION ONLY - NOT...

00:05

N0tSwift Updated 

Overall I think we're on Leg B of a market correction in the bigger picture. But in the short run, it looks like we're on Leg 2 of an Elliot Wave up for UPRO on the S&P overall, expecting a 6-10% rise, then a precipitous drop . Prediction - UPRO dropping to between 58.91-59.73 with arise to between 64.5-70.08 (short run) New to this platform, would welcome...