DIREXION SHARES ETF TRUST DIREXION DAILY S&P 500 BULL 3X SHARES

NYSE ARCA & MKT

SPXL

May as well do a round trip (SPXU on the way down) and catch the 3X leveraged Bull train coming back up to the daily high.

Fun to play on the S&P's daily price flux.

So we get the decay & a multiplying effect on returns of the underlying index of the leveraged ETFs, as they use option products to create the 3X leverage in these funds. Essentially decay on decay.

Opening puts today and waiting for a drop - expiration in July but will probably close in june

SPX

Doubtful that this is one large Bullish pennant. More likely it has broken into a descending channel.

Potential Continuation upward until reaching the supply zone.

should find a push up into Feb - Mar 2019, than recede significantly. Let's see if it hits my target boxes.

Just an idea. Interesting patterns in the RSI

Chart depicts SPXL but applies to SP500, e.g., SPX, SPY, etc.

So after 3 days of losses in a row I was timid on a trade. I was fully confident it would work out. Lets be real; We are in a downtrend. I made my plan, checked it twice and just didn't take the trade. Missed out on a big one! +16%

SPXL

Just having fun watching the indexes

EXPERIMENTAL FAN HELP GREEN =GOOD YELLOW=NEUTRAL RED=BAD

SPXL.

Experimental strategy based on breakout RSI's support and resistance lines.

The trade idea for today is an ETF with ticker symbol SPXL that trades the S&P 500 3x, it is a leverage S&P 500 a 3x version of SPY. It can be compared to SPY. This is a straight bullish trade; Entry is at $48 Stop is at $46 Target is at $55 The risk reward is a ratio of 7:2, which is a great reward risk ratio. You can trade options for December 2018 in...

Bull flag vs RSI correction RSI suggests market correection for tomorrow and next week camdlesticks based on oct 03,09,117 situations. Purple vertical lines shows historic path itself. Bull Flag Background: 12 d 5h for -16.23% down Stick: 20h for +8% up Flag: 1d 6h +3.39% up However, there is a huge resistance at 45 price level, so we can expectate another...