TradingView
ProfitHarvest
Oct 22, 2020 4:19 AM

[UVXY] Wedging Hard! Long

ProShares Trust Ultra VIX Short Term Futures ETFArca

Description

The leveraged nature makes the wedge particularly thin... just a matter of time!
Comments
Melvin0
When do we think this thing will pop? It has to bounce back up to 20-25, it's madness that it keeps dropping.
Brazmo
@Melvin0, by November 4th
bkyleo17
WHEN WE SELLING?????
ProfitHarvest
@bkyleo17, mid 20's to mid 30s but we could get much much higher in the coming weeks depending.
bkyleo17
@ProfitHarvest, You think you will take the profits by the end of the week? Or are
you planning on holding into next week?
ProfitHarvest
@bkyleo17, 1 aint missing a once every 4 years volatility event!
bkyleo17
My concern is the market will stabilize if Biden is the clear winner of the election and the vix
will go down. I do think the next few days will be ugly. I think mid 20s is realistic.

Its hard to hold when you are up 15% on the day lol
ProfitHarvest
@bkyleo17, Trump gonna cause chaos no matter what, it's in his nature and he's still president till Jan 2021 no matter what happens.
Brazmo
you comin' out of hibernation anytime?
More