SPXL: Wyckoff Distribution to Under $29Sell 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. Shortby TeklologistUpdated 7710
ABC BullishThis is LEVERAGED. I am just drawing what I see. I would never buy leveraged anything on an up day Many do not like to trade using leverage It can go up or down considerably in one day. Very dangerous especially if you hold on to it. This is up today but could be down 5 dollars or more tomorrow if SPY has a bad day. I own a little bit so it does not make or break me. Definitely not a recommendation and trading with leverage is not for the faint of heart!Longby lauralea774
SPY, ES, SPX, SPXL LONGIf you have been around here for 3 or 4 years you will recall me declaring 2018 a 4th wave correction, and we went down for a year, then I said we would go up for a final 5 elliot waves, and we did. If you have been around 1 year you will recall my shorting the exact 5 minute candle last February when we went down hard and fast. then up on what I said would be a complex 5 wave correction, all the other elliotitions said it would be a simple B wave... My one mistake, and this is the point of this Idea was attempting to short the 62% Fibonacci correction.... this was when the Market Manipulation really got obvious. I have been trading for 58 years, bought my first shares at age 7... and of course the market has always been manipulated, but usually in the past they were stealthy about it, not anymore... With the Fed (a private bank owned by the Rockefeller, Rothschild, JP Morgans of the world handing out money to hedge funds to pump this baby up, most of the perma bears have left this room bankrupt. Some of this is my colorful way of speaking, let's not quible over the details... the point is they may make minor corrections, but only a fool keeps shorting corrective waves... Think about it the Market moves up and down in a primary trend direction.... look at the NQ, and now the ES and the YM follow... we are going up, most of the time. The two targets on this chart are as good as any... Ever since i quit trying to short I have been making money hand over fist. by dryanhawley113
Long here Target 48ishUsing the charts and the indicators, this looks like a good entry for a 14 day or so LONG. 48 Target. 43 StopLongby jackhal5
SPXL long from the bottom, with confirmation nowWe have many positive factors in play, Seasonality ( election year ), the FED, an Camarilla Weekly S4 bottom, a Donchian Channel bottom, Itchimoku Clouds under us, and a Doji followed by a bullish harami, and then bullish engulfment... I tend to get in early while everyone else is still short, but this time I waited for confirmation to post... my target is the 200 EMA above us, my favorite long tool is the SPXL and this is a swing trade. Longby dryanhawleyUpdated 337
look long when we bounce off 50Looking long, word is there's more disposable income out there than ever before...Longby clarkehimselfUpdated 114
SPXL trade PlanA trade I am easing into at these levels expecting a downside move in markets early next week this could drop 30% more from this level. I have that marked down and will be in depending on conditions at time of tradeLongby daytraderrockstar223
ThoughtsWhat's leading the SP down trend? Leverage markets.. Short if ya got it. Shortby McllroyCharleeUpdated 114
SPXL vs EDC US-China Trade WarNo trading strategy provided. This idea potentially sheds some light on the ongoing trade war between US and China economies. I normalized EDC/SPXL (Orange) by dividing it by 70 (EDC/70*SPXL) to fit it within same price range as SPXL/EDC. Focus on the waves. by Teklologist2
Multiply Your Ride Back UpMay as well do a round trip (SPXU on the way down) and catch the 3X leveraged Bull train coming back up to the daily high.Longby Ron-V7
SPXL Theta TradeSo we get the decay & a multiplying effect on returns of the underlying index of the leveraged ETFs, as they use option products to create the 3X leverage in these funds. Essentially decay on decay. by ZenModeUpdated 7
H&S on SPXOpening puts today and waiting for a drop - expiration in July but will probably close in juneShortby TheKujiras3
Spx: Another Bearish IdeaDoubtful that this is one large Bullish pennant. More likely it has broken into a descending channel.Shortby Teklologist2
Pennant Breakout Small Time Frame 4HPotential Continuation upward until reaching the supply zone. Longby Cyb3rDr3am420Updated 222