context for the crossroads (uvxy)

i just wanted to show people why this could still go very badly for broader market longs.
im not doomsaying, or fear mongering here. im simply outlining why i still have a long forecast for vix, even though we are almost breaking to new lows in uvxy.
the highlighted areas are times in the very recent past where spx has increased in volatility even while indices were on the verge of fully recovering.
again, im not saying long this thing right now. im pointing out how this could still be a bullish position for vix longs even while the market appears to be about to recover fully.
dont jump into uvxy trying to call the bottom, but do stay cautious!
this can still go both ways and tuesday is going to be critical.

Comment:

if we wake up tommorow, and smart money/mm/tutes decide there is no correction, and this is the forever market, and we take off like a bat out of hell then embrace that. we could easily see 4800 spx before the month is out.
if sometime tommorow or, god forbid, overnight, we see that the money is not there, then embrace that just as well.
if youre staying up all night to catch this thing with its pants down, then god bless you and best of luck!😅

Trade closed: target reached:

1st long target reached. out for now, and will relong if conditions prove market bears are still in the game.