SPXL: Bearish Deep Crab with PPO Confirmation at HOP Level
This is the 3x Leveraged ETF for the SPY, and at the moment we have a 3 Line Strike with a PPO Confirmation Arrow at the HOP level of a Bearish Deep Crab with Bearish RSI Divergence.
If this plays out, I think the SPXL will at least make a 0.618 Retrace of the range, but it could go as deep as 100% or even more.
If this plays out, I think the SPXL will at least make a 0.618 Retrace of the range, but it could go as deep as 100% or even more.
Trade active:
Very Nice Looking Double PPO Confirmation on the Inverse ETF:
It is also now visible on the Bullish ETF but in reverse:
It is also now visible on the Bullish ETF but in reverse:
