-SPXL has successfully formed a corrective rising wedge that looks pretty bullish!
-Past week's FOMC meeting also gives us some positive expectations.
-They expect a decrease in:
Unemployment rate: 4.5 (2021), 3.9 (2022), 3.5 (2023)
PCE inflation rate: 2.4 (2021), 2.0 (2022), 2.1 (2023)
-They also expect a decrease in GDP from 6.5 (2021) to 2.2 (2023). This part keeps
us conservative as it shows that upcoming years will be tough and we all will need
to keep a tight stop-loss on our investments.
-For now, SPXL looks pretty bullish! As long as it stays between the lines of the Wedge,
it has a potential to rise to resistance level @ 85.
-Past week's FOMC meeting also gives us some positive expectations.
-They expect a decrease in:
Unemployment rate: 4.5 (2021), 3.9 (2022), 3.5 (2023)
PCE inflation rate: 2.4 (2021), 2.0 (2022), 2.1 (2023)
-They also expect a decrease in GDP from 6.5 (2021) to 2.2 (2023). This part keeps
us conservative as it shows that upcoming years will be tough and we all will need
to keep a tight stop-loss on our investments.
-For now, SPXL looks pretty bullish! As long as it stays between the lines of the Wedge,
it has a potential to rise to resistance level @ 85.