Sell SPXL or buy SPXS based on Wyckoff distribution with UTAD that began at white vertical dotted line. Given the drop in March, I don’t think we’ll see a new low. However, I suspect price will drop to between $29-$23.
Note
Speculative, but looks sexy. If price closes below near daily pivot R3 (not shown but ~$59.55) then price should drop below $44 in the coming weeks.Note
Closes near daily pivot R3*Note
Another perspective that indicates a potential target of ~$62 before a pullback.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.