Dutchy55
  Since you are predicting Wave 5 of 5 on SPX, is it good time to buy SPXU ?  Thanks for your website. 
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AbovetheGreenLine
Good question Dutchy, but all we have to do is check the Rules to answer your question.

First, 3 X Funds can be a disaster, because of the LARGE DECAY in Value.

SPXU is in the Green Zone, but is Below the Green Line with only 2.7 Relative Strength… Why sail INTO THE WIND?

When the Market corrects, the Leaders like 
XLF should come down near the Green Line, and then go right back up, until they FAIL.

Eventually 
Inverse Funds will begin a Bull, and meet the RULES… It is safer, and much less STRESSFUL to wait, like in 2008 Chart.

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Good trading, and tell your friends!
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Dutchy55
 Thank you.  Next time I will pose my question in only one area.
  Still learning the site. 
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jpstocks
Important to remember that stocks/markets fall much faster than they rise.  Fear is a stronger emotion than greed.  Inverse ETFs especially 2X and 3X turn quickly and reverse quickly and therefor are riskier.
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AbovetheGreenLine
If you wanted to Gamble, and use a tight Stop Loss.

The Elliott Wave Count can easily be WRONG, plus Wave 5 UP is not complete...

SPX-60.png 
Good trading, and tell your friends!
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