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 Stop
SPXL trade ideas
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.
look long when we bounce off 50Looking long, word is there's more disposable income out there than ever before...
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 trade
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.
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.
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.
H&S on SPXOpening puts today and waiting for a drop - expiration in July but will probably close in june
Spx: Another Bearish IdeaDoubtful that this is one large Bullish pennant. More likely it has broken into a descending channel.
SPXL_higher_lowershould find a push up into Feb - Mar 2019, than recede significantly. Let's see if it hits my target boxes.
