probable tightening range (SPXL)

AMEX:SPXL   Direxion Daily S&P 500 Bull 3X Shares
given the amount of retracement if we stay over 97 and attract volume setting and confirmin this as a higher low around the .5 its likely we enter a tightening range going for a touch of vwma and then setting a lower high. id like to close that day around the highs for a bull daily case. horizontals are valid targets.

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