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.
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.
(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.