SPXL: Wyckoff Distribution to Under $29
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.
הערה:
Speculative, but looks sexy. If price closes below near daily pivot R3 (not shown but ~$59.55) then price should drop below $44 in the coming weeks.
הערה:
Closes near daily pivot R3*
הערה:
Another perspective that indicates a potential target of ~$62 before a pullback.