SPXL: Bearish Deep Crab with PPO Confirmation at HOP Level
Updated
This is the 3x Leveraged ETF for the SPY, and at the moment we have a 3 Line Strike with a PPO Confirmation Arrow at the HOP level of a Bearish Deep Crab with Bearish RSI Divergence.
If this plays out, I think the SPXL will at least make a 0.618 Retrace of the range, but it could go as deep as 100% or even more.
If this plays out, I think the SPXL will at least make a 0.618 Retrace of the range, but it could go as deep as 100% or even more.
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Very Nice Looking Double PPO Confirmation on the Inverse ETF: It is also now visible on the Bullish ETF but in reverse:
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