SP500 Up, UPRO Up - Leg2 Elliott Wave, Bigger B Correction
Overall I think we're on Leg B of a market correction in the bigger picture.
But in the short run, it looks like we're on Leg 2 of an Elliot Wave up for UPRO on the S&P overall, expecting a 6-10% rise, then a precipitous drop .
Prediction - UPRO dropping to between 58.91-59.73 with arise to between 64.5-70.08 (short run)
New to this platform, would welcome feedback. First time publishing, hoping the graphic comes through.
I expect money to flow out of NASDAQ into the S&P as the tech pullback continues.
*NOT FINANCIAL ADVICE - Just speculation - Discussion Purposes Only*
But in the short run, it looks like we're on Leg 2 of an Elliot Wave up for UPRO on the S&P overall, expecting a 6-10% rise, then a precipitous drop .
Prediction - UPRO dropping to between 58.91-59.73 with arise to between 64.5-70.08 (short run)
New to this platform, would welcome feedback. First time publishing, hoping the graphic comes through.
I expect money to flow out of NASDAQ into the S&P as the tech pullback continues.
*NOT FINANCIAL ADVICE - Just speculation - Discussion Purposes Only*
Trade closed: stop reached:
I missed by 1 Day. Such a lovely 15% upswing. Stopped out 1 day too early. Then a downswing today.