The3xETFTrader

The3xETFTrader

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3x ETF A.M. Report 4.7

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Well that happened fast...

4830's the low so far overnight on Sunday/Monday futures.  We tried a long low 5200 last Friday but stop was 5190, didnt last long...

Now IF my wave count is still correct, wave 5 hit 150% of Wave 3 at the 4830's low. Wave 5…

3x ETF A.M. Report 4.4

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My longer term 5100-5200 SPX target is getting close faster than planned.  ES down to 5270 a new low from the 6200's cycle top, but if you look in context we rallied in 5 waves from 3500 to 6200 area and a drop to 5100-5200 is normal. Its just…

3x ETF A.M. Report 4.3

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Testing lows of Sunday overnight after Trump Tariffs. Also the Mercury Retrograde window causes more confusion with communications etc. This window ends on April 7th, as does another negative window on April 17th... 


We hit 5770 on a futures rally that  was probably short covering into Trump Tariff news…

3x ETF A.M. Report 4.2

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David,

You notched a terrific WIN today in Volatility that would Scare many away. 
I don't trade near the open, you never know what the Herd is Thinking.
My chart kept Marking New Lows and Removing the Previous Ones.
Then new Highs started to register. One after another. On…

3x ETF A.M. Report 4.1

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David,

You notched a terrific WIN today in Volatility that would Scare many away. 
I don't trade near the open, you never know what the Herd is Thinking.
My chart kept Marking New Lows and Removing the Previous Ones.
Then new Highs started to register. One after another. On…

3x ETF A.M. Report 3.31

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Bad day on Friday, we tested the lows overnight Sunday-Monday in futures.  If this is the 5th wave down which it clearly is pattern wise, its the last leg down of this phase of the correction cycle.  Could still work a bit lower to 5400 SPX if the 5560…

3x ETF A.M. Report 3.28

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Possible cycle lows forming in the March-April window, April 17th is a key date I'm watching to see if the character of the market brightens up... 

End of quarter window dressing possible excuse for the last 1-2 days of pullback after a nice surge for the markets in latter…

3x ETF A.M. Report 3.27

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5720 gap fill on ES this morning as we topped out around 5835 from 5560 lows this week... the pullback to 5730/5720 is normal but in my opinion now requires another strong advance upwards to 5840 again or now we have risk of a 5th wave starting at this…

3x ETF A.M. Report 3.26 Wednesday

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Not much change since yesterday.  ES at 5830 still, can still work higher with QQQ etc. 

TQQQ hit my 67 mark from 60 area projection, but we are still underwater there

Bitcoin looks very bullish to me on monthly charts, so lets be patient on BITX

May add TNA…

3x ETF A.M. Report 3.25 Tuesday

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From very oversold sentiment and chart extremes , as well as cash on sidelines we are seeing a normal corrective rally to the upside.  With that said, for now clearing that 5815 zone on ES Futures now at 5830 looks more bullish for a continuation higher.   

This could…

3x ETF A.M. Report 3.24 Monday

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Nice bounce up in futures 1.20% to start the week.  Could just be 4th wave rally final stage with more more leg down, but over certain levels *(5815 ES June Contract) I get more bullish...  watching closely for clues.

Bullish 4th wave movement for now in the indexes as…

3x ETF A.M. Report 3.21 Friday

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ES futures may have hit a short term double top over last 24 hours after roughly a 200 point rally off last weeks lows.  Bitcoin also pulling back some, and futures are off this morning to the downside on Triple Witching Friday.

Again, a second push yesterday was…

3x ETF A.M. Report 3.20 Thursday

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Not much to add to yesterday's commentary. We did make a moderate new uptrend high from last weeks lows yesterday, but pulling back some overnight/pre market Thursday

Bitcoin rallied nicely high of 87,800 now around 85,200 pulling back some. BITX recovering and I'm pretty bullish intermediately here on…

3x ETF A.M. Report 3.19 Wednesday

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Light rally so far off the smash down C or 3rd wave lows last week.  ES (SP 500 Futures) 5520 lows to 5707 rally highs is not bad, can still stretch a bit higher yet but needs to push here soon. Yesterday we hit 5707 overnight and then…

3x ETF A.M. Report 3.18 Tuesday

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Markets hit a high of 5707 on ES From 5520 lows last week. Our ES service went long at 5580 late last week, still holding with stops moving higher.

SOXL rallied as projected yesterday past my SELL 20.75 Target.  From $18.30 average (Some of you lower) we profited…

3x ETF A.M. Report 3.17 Monday

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Fridays notes for reference:
5512 the new low from 6160 highs overnight, now 5580 up on a bounce this morning

5560 is now key support and 5760 is upper end resistance, see my chart.

At this point the wave C or 3 from the December/Feb highs is extended at…

3x ETF A.M. Report 3.14 Friday

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5512 the new low from 6160 highs overnight, now 5580 up on a bounce this morning

5560 is now key support and 5760 is upper end resistance, see my chart.

At this point the wave C or 3 from the December/Feb highs is extended at 185% of the length…

3x ETF A.M. Report 3.13

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Market Notes:   5600 area for ES on Thursday 915 am EST

In a small flat base pattern here for SP 500, has not really got up and ran yet so key to watch is 5560 area to hold in my opinion

ES 4 hour chart

Notes for reference repeated…

3x ETF A.M. Report 3.12

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Market Notes:   

Slightly lower move yesterday to 5535 from 5560's overnight lows the night before.  Now at 5640's... so again the 5560 zone is normally where we a get a retracement upwards, and POSSIBLY one more leg down yet after that

I see 5780 from 5535 as a…

3x ETF A.M. Report 3.11

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Market Notes:   

 "From the ES Alerts service this morning"

Market was completing 5 waves up from 3400's back in December as I had mapped out, we then tumbled hard, bounced back to test the highs... and now we are seeing the wave 3 or wave C (1-2-3, or…