Mother of all Short Squeeze...finally coming to UVXY's smallville town
Important area to watch as this previously support.
Intraday template. to be used as part of my TTB Trading Method.
I think, but can't guarantee, that UVXY may go higher here. Notice that it's been beaten down a lot recently. However, the black box line has been triggered (on the 10 minute) and the moving averages have converged.AMEX:UVXY
Selling exhaustion and showing good demand despite new highs in S&P...
Especially with long weekend approaching
Think mkt underestimating a retaliation response from Putin. If he does not bomb some US allies, the world would see him as weak like Obama. Not likely he would not response soon to this humilation..
Time to buy UVXY...
VIX for the win
Short Limit 21.57, Stop 24.49, Exit at market on close
Short Limit 21.48, Stop 23.98, Exit at market on close
A bullish Cipher is shaping up near the lows.Entry at 18.86 and first target @23.00.MACD is in positive territory.
Today's action was interesting. Coming weeks are going to be fun for UVXY. JMHO.
Long Limit 20.68, Stop 19.38, Exit at market on close