UVXY - Looking for 35-40?

ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)

AMEX:UVXY ProShares Trust Ultra VIX Short Term Futures ETF

I don't really know. I'm targeting 33. Seems likely. For it to go to 40 in the nearest term, would take an equal amount of negative sentiment compared to the last 3 days of mis-priced FED FUNDS + Global Trade Escalation. What could possibly be negative enough to send this thing to 40 in the next week? I'm turning SHORT UVXY once it starts breaching 35.

Never mis-price the FED, always win!

What's your thought? 40? or 33?

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