Toady's trading has set up to potential for a deep dive in the market into a cycle low over the next 30 days. My favorite two leveraged ETF's are in their initial stages of impulsive moves higher, 10% to 20% minimum, with 5X that return possible in October expiration options. Caution, as this pattern is still early in development and can easily fizzle out quickly, MU earnings today after the close could be a make or break news event going forward. Remember, its not earnings, but how the market reacts to earnings that matters. That won't be completely known until tomorrow. Tread lightly. SQQQ Hourly (Inverse - Leveraged Bearish QQQ) UVXY Hourly (Leveaged VIX) Too early for a measured move, but $15-$20 retraces back to early August highs. UVXY Calls A UVXY pop to $15 to $20 sends the $12C up 3X to 8X.
