SPXL – Bullish Structure Reclaim in Progress

Nice setup right here — this multi-timeframe view of SPXL (S&P 500 3x Bull ETF) paints a compelling story, especially with how clean that 0.382 level at $126.23 is holding across multiple frames.

⚡SPXL – Bullish Structure Reclaim in Progress
Don’t miss what’s happening on this chart.

📍Price just reclaimed the 0.382 Fib level ($126.23) and is now flirting with resistance at $128.01, right under the 0.5 zone ($138.27) on the higher time frame.

👁 Here’s what I’m watching:

4H shows bullish continuation and stair-stepping toward the diagonal resistance.

15D and 4D show clean higher lows forming.

Macro support is locked in between $115.84–$122.02, giving us a nice demand zone.

⚠️ $138.27–$150.30 is the next key region — and if this momentum holds, we may see a full retrace back to the previous high ($189.26) long-term.

🎯 Trade plan:

Holding above $126.23 keeps this bullish.

If we retest $122–$115 and bounce, it could offer a high-R setup.

📚 Remember: zooming out brings clarity. Structure leads, candles follow.