SPXL, SSO update March 16

SPXL: appears to be gunning for gapfill and the 76.4% retrace; Both are logical price targets and coincide. Both are at around $83. Let’s see how price reacts at that level.The white triangle based on important trendlines points the way to the same level, which would mean price will get there in a stop-step-stutter mode, just like late October 2015

spxl

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SSO: same story as above. Added a lot of trendlines to show overhead resistance in case price wants to go higher. This is very tough resistance given where the market is now; running out of steam.

SSO