$Direxion Daily S&P Biotech Bull 3x Shares ETF (LABU.US)$ if...

$Direxion Daily S&P Biotech Bull 3x Shares ETF (LABU.US)$ if we can get a blow off down below 110 and tomorrow might be the day if Apple comes out with a lackluster quarter and weak guidance. and I understand different categories different companies different sectors but the market selling off right now and it was triggered by initially AMD and then meta and Microsoft that's what's causing the whole broad base sell-off. so if we get another down day tomorrow and we can approach the loads of where we were August 5th I think that represents a safe entry point. and again I would say don't go crazy shooting your whole was because we still have an election, however I think, heads will prevail after the election and I think people that panic sell wind up regretting within a very short period of time. so regardless of what you're looking at I would tell you to go back to the Lows August 5th, look where the stock is now relative to then because we could have one more blow off day tomorrow, and use that panic day of August 5th as your baseline worst case scenario and this is making an assumption that if you're buying a company they've already come through earnings in the earnings are good because as you're aware if the company comes out with terrible learnings whatever price you had on August 5th becomes completely irrelevant.