Rocketman
Long

Time to Buy SPX500, SPY or SPXL

FX:SPX500   S&P 500 index of US listed shares
188 1 2
We are at wholesale support. It is time to go long the SPX500             .

You can see the green trend line that was tested multiple times (more than five) and the arrows showing buying opportunities. Now, we are back there again and at solid support as shown on the chart. The day is not over, but it could, potentially, end in a hammer, as it look like now. Below, I have noted first the SPX500             , and then I have charts of the SPXL             etf that tracks the SPY             or SPX500             but gives you three times the return.
My other options are SPXL             or SPY             using online US brokers. I went long SPXL             since it gives me three times the return (three times the potential loss also).

THE SPX500
SPX500 daily bird's eye view:
snapshot

SPX500 195 min view (half day):
snapshot

SPX500 78 minute divergence
snapshot


HERE is the SPXL
SPXL daily:
snapshot
SPXL half day:
snapshot
SPXL 78 min:
snapshot
Deus
2 years ago
Dunno mate.. I think it is time to run...
Reply
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