A .236 retracement would have us bounce around $55.43
Sadly, I did my long term homework after the fact and missed the peak. Expecting to get SL'ed out and lose on a long UPRO position.
Pundits all shouting Bull, and I bit post election, but that's not what the trends show me. The numbers say S&P500 down for a bit (About 6% SPX /18% UPRO ).
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*