Time to Buy SPX500, SPY or SPXL
We are at wholesale support. It is time to go long the SPX500.
You can see the green trend line that was tested multiple times (more than five) and the arrows showing buying opportunities. Now, we are back there again and at solid support as shown on the chart. The day is not over, but it could, potentially, end in a hammer, as it look like now. Below, I have noted first the SPX500, and then I have charts of the SPXL etf that tracks the SPY or SPX500 but gives you three times the return.
My other options are SPXL or SPY using online US brokers. I went long SPXL since it gives me three times the return (three times the potential loss also).
THE SPX500
SPX500 daily bird's eye view:
SPX500 195 min view (half day):
SPX500 78 minute divergence
HERE is the SPXL
SPXL daily:
SPXL half day:
SPXL 78 min:
You can see the green trend line that was tested multiple times (more than five) and the arrows showing buying opportunities. Now, we are back there again and at solid support as shown on the chart. The day is not over, but it could, potentially, end in a hammer, as it look like now. Below, I have noted first the SPX500, and then I have charts of the SPXL etf that tracks the SPY or SPX500 but gives you three times the return.
My other options are SPXL or SPY using online US brokers. I went long SPXL since it gives me three times the return (three times the potential loss also).
THE SPX500
SPX500 daily bird's eye view:
SPX500 195 min view (half day):
SPX500 78 minute divergence
HERE is the SPXL
SPXL daily:
SPXL half day:
SPXL 78 min:
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