My timing is slightly off but with the recent breakout, it appears that my wave count is on the money. We are in wave 5 of a larger 1 of this bull markets final Wave 5. I hope that did not confuse you. So I do not think this will measure the same as wave 3 which would take it to around 2510 ish. And I am looking for it to be a little bigger than wave 1, which would take this to 2483ish. So maybe we touch 2500 before starting a steep larger wave 2 correction. I am looking at a little over a 9% market correction down to the long term trend line. It should end sometime in August. Then we should get a nice long wave 3 rally.
@dsankie21, no...I think we are in a mini wave 4. The wave 5 could be quick and short lived. I think we will get a little closer to 2500. Just my Opinion
Uvxy is difficult because you will slowly lose money everyday if you are wrong, and gains aren't held onto for long.
Maybe try shorting a triple leveraged stock like SOXL where decay works for you. Timing isn't doesn't have to be as exact, as long as you are close or the correction is sizable enough.
dsankie21
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What are you in to capitalize on the fall? Are you thinking SOXS is a good play?
SalN
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I do Tvix or Uvxy. Timing it has been difficult for me. I only do the vix when I am expecting
Ultiple down days@dsankie21,