DIREXION SHARES ETF TRUST

SPXL NYSE ARCA & MKT

Princepersia1

Which option will she choose? The red or the green one, that is the question! Interested in your comments.

McllroyCharlee

Getting after these titles.

ProfitHarvest

You can speculate on future price, that's futures. Speculating on the degree of future price movement, that's SPXL. Not many people leveraging up 3x to bet on upside, SMA 21 can't even keep up! This thing free fallin like full moon fever. Next week should be fun B).

Daydreamsesigns613

MOST likely. idk crap. not a pro AT ALL NOT EVEN A LITTLE

ProfitHarvest

SPXL Megaphone pattern is broader and what's worse is that Price only made it just over HALFWAY back up rather than all the way back to the top again as SPX achieved. Now SPXL Price is barely hanging on at dead center of the Megaphone and the trend here is overwhelmingly more BEARISH than the SPX trend would suggest. I pegged these two starting from the first...

BrianGoldman

Let's see what happens....

BrianGoldman

Look to the past price and time points for the future time and price setups.

ProfitHarvest

When this thing breaks Mon or Tues, we're supposed to get some upside reversal movement but that won't last for long. Will make for another good short entry point here before it continues heading down through October.

ProfitHarvest

Still in it's infancy but we got the start of our SPXL trading range and Treasure Map. Targeting at least magenta $42 line here before even considering any longs. Solid chance we'll get down close to bottom of this megaphone in long run before any new ATHs.

ProfitHarvest

Just look at this massively oversold market. At 3x leverage the Bulls have entirely chickened out of the market to an astonishing degree. One of the best data points I've found for the dead cat bounce case. While SPX was setting ATHs, SPXL was setting dramatically LHs. Finally found the ideal market to long SPX with UVXY profits when the time is right B).

Dodgiereigh

SPXL

peterlebiedzinski

Wave Trend Analysis on SPXL

dryanhawley

look at the Stochastics, extreme overbought sell still in effect. Let me find the chart in the right timeframe. My shorrts are nearing the Camirilla Pivots weekly R$ my trading plan is not disionary, I must take profits soon i think.

Teklologist

Sell SPXL or buy SPXS based on Wyckoff distribution with UTAD that began at white vertical dotted line. Given the drop in March, I don’t think we’ll see a new low. However, I suspect price will drop to between $29-$23.

lauralea

This is LEVERAGED. I am just drawing what I see. I would never buy leveraged anything on an up day Many do not like to trade using leverage It can go up or down considerably in one day. Very dangerous especially if you hold on to it. This is up today but could be down 5 dollars or more tomorrow if SPY has a bad day. I own a little bit so it does not make or...

dryanhawley

If you have been around here for 3 or 4 years you will recall me declaring 2018 a 4th wave correction, and we went down for a year, then I said we would go up for a final 5 elliot waves, and we did. If you have been around 1 year you will recall my shorting the exact 5 minute candle last February when we went down hard and fast. then up on what I said would be a...

jackhal

Using the charts and the indicators, this looks like a good entry for a 14 day or so LONG. 48 Target. 43 Stop

dryanhawley

We have many positive factors in play, Seasonality ( election year ), the FED, an Camarilla Weekly S4 bottom, a Donchian Channel bottom, Itchimoku Clouds under us, and a Doji followed by a bullish harami, and then bullish engulfment... I tend to get in early while everyone else is still short, but this time I waited for confirmation to post... my target is the 200...