cerealtrades

spx run up at gap close may fail (spxl)

cerealtrades Updated   
AMEX:SPXL   Direxion Daily S&P 500 Bull 3X Shares
if we dont break 133.33 confidently, and confirm 15 min reversal pattern with a lower low 131.85 this may signal overheated conditions in spx
should we keep the uptrend holding 130.69 and continuing higher i imagine we have a go at 135, although id still be wary of buying borader markets right now except for a quick flip
if we dont hold 130 and cant get back over 130.66 we will probably see 127.66 again soon
volatility comes in waves
the odds we close up at the highs are low but if we do theres a good long in it
Comment:
so sorry i was unable to get to my phone and obviously as we can all see the gap did indeed close. im looking for tommorow now, and we exceeded the long target, clearly.
Trade closed: target reached
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