Top is in I am know Short SPXL 181.50 NVDA 148.62 long SOXS18.96The video explains TA wise we have topped
Be doing video updates daily show how transfer from that SPXL long 28% to know catch short.
Key stats
About DIREXION SHARES ETF TRUST
Expense ratio
0.91%
Home page
Inception date
Nov 5, 2008
SPXL, as a levered product, is not a buy-and-hold ETF, it's a short-term tactical instrument for getting 3x exposure to the S&P 500. The fund gets the added exposure by using futures contracts and other derivatives. The underlying companies are among the biggest and most well-known in the world. Importantly, the implication of SPXL's daily rebalancing is that holding-period returns longer than a day are unlikely to resemble 3x exposure to the S&P 500. Shorter holding periods increase the importance of trading costs relative to yearly management costs, which are fairly high but average for this segment. Over longer periods, returns can vary significantly from 2x exposure to its underlying index
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Cash
Stock breakdown by region
SPXL bouncing at .618 & .5 retrace area BOUNCE?MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Sq
Long SPXL @ 140 Target 175Look daily chart holding the 100 day ma
look stoch on bottom turning up
Vol need watch not good more selling buying
watch next few days. It going to be volatile going into election
as we head higher with sell offs do not get scared out longs on these pull backs. Look how we gave half that back l
weekly distribution gainthe daily market may top out again, but for now as long as we are above VAH consolidation levels the reversal trend may remain intact.
the ability of this market to recover fully is still very much in question, but for now the daily levels in major equities are reading a technical squeeze.
the dai
short SPXLsince its leveraged taking small target
patterns 1 to 5 have completed, while ABC correction is in progress according to Elliott Wave Theory. The impending downtrend is likely due to profit-taking amidst overbought conditions, coupled with weakening investor sentiment and potential market correction
The reduction target is $60According to the butterfly pattern, a decline is looming with a target of $ 60, where there will be an excellent point for further overshooting.
SPXL 2HR Return to MeanLooking like this next couple of weeks can be green again. Following that I do expect November and December to be bearish for the SPX indices. Good Luck!
SPXL SPXS. The Direxion Daily S&P 500® Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the i
SPXL: Bearish Deep Crab with PPO Confirmation at HOP LevelThis is the 3x Leveraged ETF for the SPY, and at the moment we have a 3 Line Strike with a PPO Confirmation Arrow at the HOP level of a Bearish Deep Crab with Bearish RSI Divergence.
If this plays out, I think the SPXL will at least make a 0.618 Retrace of the range, but it could go as deep as 100%
SPXL - Rising Trend Channel [MID -TERM]🔹POSITIVE signal from the rectangle formation by a break up through the resistance at 86.23 and next resistance 113.
🔹Between support at 75 and resistance at 95.
🔹Technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - He
Long SPXL 80.65look at the sideways action and broke up and out boom.
look Daily stoch turning over look vol getting less.
I sold 3/4 @ 89.20 keeping 1/4 on. support 82. Waiting to
add.
I see Nice 10% correction coming
Stop on SPXL is 78.95
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.