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.
Note
I COULD SEE A B WAVE at 3240, after which we seek new all time highsNote
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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.