Took a day trade-sized position for a pop up to that 259.57 target, took some profits there to let the rest ride into the close or stop out below entry & plan to take home a mild or moderate swing trade long exposure, depending on how we close. However, if the market reverses & look poised to close red, I will go home essentially market neutral. Still too early to get aggressively long or short at this point IMO, especially in front of the weekend. I’d also like to see bullish PPO crossovers on the 60-min index charts although we do have on the 15 minute & about to cross on the 30-minute charts. That confirms the bullish divergence I was looking for (at least on the 15 & 30-min so far).

Right on. Will you close the position before market close?

If so, that would constitute a 2% rally into the close or 6% for SPXL, which could provide a nice day trade for a ride into the close without any overnight right (and the appropriate stops below).