jaredwolowidn

UVXY - Nearing all time Low's

Long
AMEX:UVXY   PROSHARES TRUST II
Based on Chart. If Melt up continues I Predict 20% more downside for UVXY - with a SPX move down to Around 3200 should yield 80 - 120 % Return. Thinking about placing a 33,000 $ buy Monday. What are your thoughts

Comments

@davidismyname Monday Has brought gap ups: Vaccine Related. Low volume High percentage. If the markets Melt up again monday I think it's going to create a solid buying opp on UVXY
+1 Reply
davidismyname jaredwolowidn
@jaredwolowidn, makes good sense. I'm already in on UVXY so fingers crossed that its time has come.
Reply
jaredwolowidn davidismyname
@davidismyname, I've been asking myself the question "What negative Catalyst will cause the melt down?" . I have been long on UVXY in a smaller position for a few months still holding, accumulating cash. Waiting to go all in.
+1 Reply
piscitear jaredwolowidn
@jaredwolowidn UVXY buys for future fears. To me hopelessness will be the key + liquidity cannot keep chasing. Look foward to hearing our holiday sale, unemployment and other earnings.
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"The more SPY price fails to rally at this stage, the more likely the downside price expectation becomes."
https://www.thetechnicaltraders.com/spy-spx-island-setups-warn-of-a-potential-reversal-in-this-uptrend/
+1 Reply
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