ProShares Trust Ultra VIX Short Term Futures ETFArca
Description
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It seems we're at the inflection point once again. Maybe a day or two out from SMAs and MACDs turning positive for UVXY, and these big spikes in block trades are usually a precursor it seems to market sell offs - big players taking profits likely.
I have multiple other charts that support this view with OnbalanceVol/Accum/distribution; potential slide in oil, resistance in gold and so on and so forth. Granted, only chart can be linked!
I expect UVXY to go well past $30 in the coming 1-2 weeks. This COULD change, and this MAY NOT be the actual bottom for UVXY, and I would hedge the position in both sides, but I'll be wary to add if indeed this is the next bottom, and it's a higher high, in regards to S.D. and True average price
should not have come back to the well at all before Yellen's speech, glad i didn't blow it with an all in; figured she would say something dumb as usual. This is basically invalidated.
beastmode_us
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got uvxy calls at $22 ish for .73 sold them for 1.13 at uvxy $25+. Plan to enter again, if bottom holds. SMAs have turned up, and we had a nice emotional drop, followed by a correctional pattern. Is this it? Watching support lines on forks and gann