SPXL long from the bottom, with confirmation now

2 Jul 2020

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 EMA above us, my favorite long tool is the SPXL and this is a swing trade.

2 Jul 2020

Nota

I COULD SEE A B WAVE at 3240, after which we seek new all time highs

2 Jul 2020

Nota

When I said 3240 I was referring to the ES... Today when my SPXL hit the Weekly R4 at $44.50 i took profits on 2/3 of my positions, before it came falling down at the close. Next monday I can reenter at lower prices... The stock market never goes up in a straight line.