Direxion Daily S&P 500 Bull 3X Shares SPXL

NAK1987 Premium

So , here's another trade that I'm really not confident in . But just following the wedge drop signal . Also seems like bulls are having trouble taking out local daily resistance between 74.21 and 71.23 and making a higher high , we instead have 3 lower lows and seems like 3 times trying something and failing increases the probability of another leg down maybe...

DEinvestment

Stock costs dropped forcefully this previous week as the S&P 500 finished its most obviously terrible first 50% of any year in the greater part a long time. The S&P 500 dropped 20.6% in the initial a half year of 2022, its most horrendously terrible execution in the initial two quarters starting around 1970. The Dow Jones Industrial Average is additionally down...

NAK1987 Premium

Just taking the WD here on SPXL/SPY I see that the volume on today for both spy and qqq is below average , so not distribution days even though the volume shown here on SPXL is high I think that SPY's volume take the precedence . That is one thing that I think is against this trade ... None the less we still have a stage 4 downtrend wedge drop so took the trade...

roelds Pro+

SPXL shows it's been in down trend (bear market) since Jan 24, where we see: both EMA crossing & BBP very negative. Then we sell & buy SPXS. We won't see bottom until: both EMA cross again & BBP very positive. Be patient & wait for bears to finish eating.

cerealpatterns

depending how futures market plays out tonight and if people keep buying a mondays open we cod have very different outcomes. the bull case is essentially if we see RSI, Double STOCH signal remain positive or if we hit resistance at gap close and continue lower or make a double bottom. even in the bull case we could rally for a couple weeks and then double bottom....

john12 Pro+

Look daily rolled over on bottom Looks like it wants to roll up will see Look weekly heading south as long that stays south the rally will fail we are crashing. With rally's

john12 Pro+

Daily stoch heading south Under all MA 100 DAY MA ready death cross 200 day down side more selling buying Target 105

john12 Pro+

Got out SPXL short now long look daily stoch still heading down near bottom and SPXL holding 50 day trailing stop in target 120- 124 50 day or 200day MA. stop drop again

john12 Pro+

Look daily chart see stoch turning down u also see the buying vol very low look how its dropping black line on vol It also went into lots resistance 128 area Target 123.124 area My hedge on spy long

cerealcharts

we are in technical conditions of a selloff and risk averse activity is driving the market. defensive sectors are even doing poorly. there is no reason to think price action will turn around here, vut the price doesnt go anywhere in a straight line. at least one last trip up to mid or upper 95s is a valid target.

moneyflow_trader

need to clear the 1st cup and handle pattern, then see another retest that will lead to another cup and handle breakout

moneyflow_trader

looking for a breakout of the handle and retest of the supply zone. short term target 106

cerealcharts

given the amount of retracement if we stay over 97 and attract volume setting and confirmin this as a higher low around the .5 its likely we enter a tightening range going for a touch of vwma and then setting a lower high. id like to close that day around the highs for a bull daily case. horizontals are valid targets.

DarkPoolTrading

Idea for SPXL: - Buy the Fear - Long Apr 14 111C (10.80 debit) GLHF - DPT

AllAboutMoney Pro

It's is very possible to see SP going up in a few days and go higher than the last time. so stay tuned!

cerealtrades

109.56 would be a great higher low to put in if we get bounce into the end of the week. i trust that if we keep cloaing over 105 on the daily that we will be back up at 123 in a couple weeks time.

cerealtrades

theres a chance that getting back to all time highs may take a lonh time, and when we get there we may be heading into another drop. if volatility has returned as the new norm there is a lot of evidence to suggest that we wont see a stronger market than 2021 until at least 2023. should we make a second break to the downside whether it is sooner or later a touch of...

john12 Pro+

Daily stoch will start turning here short small shares at first. lower highs on daily.