Looking at both the 1 month and 3 month charts, one would think it is long overdue for a flip in the opposite direction. But these things are difficult to predict and time properly. The Markets overall do not indicate any pending reversal anytime soon.
The problem I have seen is the speed of any Market reaction is usally so severe, that timing these 3X ETF's is really tough to do. If you get caught on the wrong side, without a stop loss in place it can become very painful.
Good Luck...
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