Now that we have broken resistance and now that the political landscape has gone quiet for a moment, I see huge upside potential. I think we will get a nice short run up.
There have been 5 peaks in the last few weeks and it seems like every time we get to resistance there is a push back up. If we break this resistance than we should be off to the races.
We are seeing an interesting Quad-Top right now, we will either break the pattern or fall back down to low lows.
Althoughbgrowth might flatten out, we will still be up this month through earnings.
SPXL has had some problems the last few months but I think that will change. The market has begun to level off and with earning seasons I feel a run will start. Hopefully Apple will also begin to buy back in force and also push the market higher.
This is an update to my last post. There was a double bottom, and now we are getting a possibility for retracing to January.
(I know this is the S&P) After a recent fall, I think that SPXL has shown a strong floor and will return back to the mean. The market has had some trouble with the recent tariffs, but I think we might be moving towards a recovery.