UVXY Waiting For Negative Macro Catalyst, THEN Huge PUMP! Short

ProShares Trust Ultra VIX Short Term Futures ETFArca

Description

⋅ Feb 5, 2020 8:15 PM

We have a very large descending triangle on the monthly! Playing this out will depend on some continuation of negative news (such as Coronavirus vaccines not working), global recession, etc.

The Chinese economy is on the verge of recession, they have a fake economy built on a deck of cards that's ready to fall.

If you don't think China is fake as F*&k with economic reporting, then go buy yourself a ghost city apartment.

Comment

⋅ Mar 12, 2020 5:49 PM

Trade is still on. It will go past target from what I see.

Comments

hungry_hippo

⋅ Feb 15, 2020 1:31 AM

The decay on this ETF is horrible, it is not a long term hold instrument. Read my post:

hungry_hippo

⋅ Feb 15, 2020 1:36 AM

Those are real reverse split adjusted prices, plot it for yourself if you don't believe me.

ChartProphet

⋅ Mar 3, 2020 6:02 PM

@hungry_hippo, Still having a good pump none the less huh? Maybe just watch contract expirations closely?

ChartProphet

⋅ Mar 9, 2020 2:35 PM

@hungry_hippo, Have you seen the chart lately?

ChartProphet

⋅ Mar 12, 2020 5:50 PM

@hungry_hippo, Any thoughts? I about to post some new targets...

hungry_hippo

⋅ Mar 12, 2020 6:00 PM

@lightloupes, VIX all time high is around 100, that's when I'm planning on shorting UVXY with Sept puts.

ChartProphet

⋅ Mar 12, 2020 6:34 PM

@hungry_hippo, Ok, this will be very interesting and I am taking notes.

hungry_hippo

⋅ Mar 12, 2020 6:01 PM

@lightloupes, never thought the VIX would get this high, but this tank is epic. It's like a combination of the Dot Com bust AND the financial crisis rolled into one. The market has never dropped this fast, or thrown as many gaps down in a row. Never.