Having a strong day today on the back of $NVDA's earnings, and moving comfortably in Wave 5 now, needs to break above its previous high at $56.90 to get past its final hurdle and a pull back may be needed before this happens.
The 50 Day MA at $42 would be the ideal level for this pull back.
Remember this is a 3 X bullish ETF, so be prepared for the volatility that comes with this.