WEBS and WEBL are workhorse 3X etfs and you can't go wrong playing both if your a swing trader. They do not have the volume nor volatility other 3X ETF's have which I like because it tends to move in a sophisticated cadence. If that makes sense. I had stopped trading WEBS and WEBL but found I missed the reasonable probabilities in their waves and cycles so, I am...
AMEX:WEBL The WEBL moves well owing to its leveraging. At present on the chart, WEBL is near support after a downtrend. I have picked a target based on a retracement of that downtrend to the middle Fibonacci level. This target also has confluence with the VWAP band and the upper boundary of the volume profile's high volume area. I have calculated the...
bounce on the monthly 200ma, shorts are piling up, possible squeeze rally at the 20 percent bear market psych level, next three day are big