Will Wong
Long

UVXY-With the market hurtling down towards the August 24th lows

AMEX:UVXY   PROSHARES TRUST ULTRA VIX SHORT TERM FUTURES ETF
91 2 2
UVXY             could spike violently and fill some of these gaps. Spike is the right word as that is what they are....violent intraday spikes with V-Shaped peaks or valleys. UVXY             will most likely gap up tomorrow.

I screwed up with this. Did not see the trend resistance line and the gap filled at about $49. Was too focused on the price target for the iHnS pattern and missed the fact that the gap was filled and the trend resistance line held.

snapshot
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Gap 1 filled. Gap 2 coming up.
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