SPXU is on the verge of breaking out from a Falling Wedge.

If R1=30.80  is breached we have two initial potential targets: Gap fill at 32.30 and R 2 = 33.40

The MACD must confirm with a bullish signal cross

I think that this setup offers an attractive R/R. I am long with a stop below yesterday´s lod

 

SPXU DAILY CHART

Close