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cerealtrades
Feb 14, 2022 7:31 PM

overbought vix (UVXY) Short

ProShares Trust Ultra VIX Short Term Futures ETFArca

Description

i wouldnt want to be holding this thing long right now. were at 84 rsi hourly and a pullback from these levels seems like its in the works.
mid to high 15s is the target. even if we gap up and blast to the upside, i dont think were really in hot water unless spx breaks to new lows, and it doesnt seem like thats going to happen.

Trade closed manually

i think its prudent to cover here. idk what overnight will look like.

Comment

if were not back above the top of the range around 17 were probably headed back for low 14s
Comments
BoyPlunger91
Nice trade bro
cerealtrades
@BoyPlunger91, ty youre welcome to more just give me a follow
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