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xtremerider8

S&P500 leveraged making Sine wave pattern & returning to neck

Long
ProShares Ultra S&P500 (AMEX:SSO)  
xtremerider8  
AMEX:SSO   ProShares Ultra S&P500
Technical Indicators Beyond Technical Analysis S&P 500 (SPX500) spylong usindex riskon
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indicator beyondta spx500 spylong usindex riskon
SSO is a safer 2x leveraged etf of SPX than SPXL. It recently formed slight divergence & a big engulfing candle, probably due to oversold RSI & also short coverings after Thursday’s dump & pump with investors betting massively on both directions triggered by a high CPI report.
Prices may return to the neckline (return to mean) next week.
Not trading advice
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