An S&P buy write strategy might be interesting, you can do it yourself or buy an ETF. Essentially you buy an index and write covered calls on the shares you bought. Historically it shows better returns with lower volatility than just buying the index.
If my view of S&P is bullish, I wouldn't long S&P futures as it has habit of going up slowly (perhaps due to high altitude sickness). I'd probably do a credit OTM put option, vertical spread or perhaps covered call writing as suggested by Sig.
You know, you're right. One contract of ES since the election = ~$24,000 profit $10,000 of UPRO since the election = ~$7,000 profit
Extremely leveraged on haircuts. Normally I only arb, but I've created a separate entity to directional bet. We'll see if I'm correct. Positions are proprietary, I don't just short the SPY.
I'd wish you luck, but I would not mean it. I don't benefit from a recession. I have reduced risk since August. That is enough for me.