cerealtrades

spx at critical support: im short (uvxy)

Short
cerealtrades Updated   
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
spy daily is deep in the red. this is making me think were near max pain as it is near critical support. im capitalizing on the chance that vix goes down from here for a while.
Trade active:
good to take some profit around halfway mark and move stop loss up in case we break day high and bull fakeout
Trade active:
if we set a lower high reshort is on the way
Comment:
if we dont break 13.85 just cover the rest
Trade closed manually:
doesnt seem to want to compress any more than that
Comment:
if we set a lower high under 14.28 and break 14.14 possible to reshort toward 13.79
Comment:
reshort if we set a lower high than 13.89
Trade closed: target reached:
covered
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