Agree, I see $10 and potentially $12; in this case, we could see a swing (mix bull trend the first 2 weeks of March, then a spike hitting $10 ore more).
Logically, that would give a reason to accelerate the adoption of a stimulus to allow the Fed to do their magic via Blackrock and reverse the market...I'm looking for a potential entry on March 15 until March 23, but dates will really depends on the progress of the trend. I don't plan maintaining my position longer than that.
Good success everyone!
MrMercato
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@herouxma7000, sounds like a good plan. I'm buying this ticker cuz the S&P chart looks bearish with target around 3700 for now. so the UVXY can be a good hedge at these levels. My strategy as a daily trading for the next two weeks is to buy UVXY when S&P is green and sell it When the S&P is red. it's very volatile and I rarely keep it over night
Logically, that would give a reason to accelerate the adoption of a stimulus to allow the Fed to do their magic via Blackrock and reverse the market...I'm looking for a potential entry on March 15 until March 23, but dates will really depends on the progress of the trend. I don't plan maintaining my position longer than that.
Good success everyone!