ProShares Trust Ultra VIX Short Term Futures ETFArca
Description
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this is a dual forecast for volatility index futures derivative uvxy by the end of the week we may dip below the 13.89 area by fri, jan 7 '22 we may rise above the 14.5 area
Comment
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expecting somewhat of a bounce back gap might close or might not at least 13.96 should be in the works if 13.89 breaks uvxy is in for downside
Trade closed: target reached
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1st long area reqched essentially broqder markets could still be buy
Trade closed: target reached
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1st short target reached volatility approaching oversold territory
What lowest UVXY can go in next two weeks? Appreciate any advise you can provide.
cerealtrades
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@Sandip7619, i wouldnt be surprised if uvxy hit $12.5 i dont know it will happen in the next 2 weeks, but there you go
cerealtrades
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@Sandip7619, personally i would not try to short vix at the moment. wait for a pop to get in.
Sandip7619
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@cerealtrades what you think about UVXY price since it hit 12.50. Do you think May go down further? Could January be the month it might go up again? Thx in advance for any guidance
cerealtrades
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@Sandip7619, i think we definitely changed the picture this may not be the time to get in, say, SVXY to the minute, but it was the perfect day so far to short vix-- very calm inverse move in short term futures if we set some lower high in uvxy soon, and move into a 5-15 min downtrend, or we break to new lows immediately i would stay short also stay short if youre on the weekly 12.21 is a valid target if we start to drop big on the weekly we could hit 11.89 svxy should be up at 62.34 soon if broader markets confirm daily bull flags
cerealtrades
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@Sandip7619, looks like this is the pop people are looking to short
cerealtrades
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@Sandip7619, i would cut vix shorts loose somewhere in here
Sandip7619
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@cerealtrades what you suggest next price movement for UVXY? It’s down in row for so many days in last 2 weeks.