AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
If we break to new highs it's almost a guarantee that, provided we are hitting new lows in multiple important sectors like tickers xlf, qqq, spy, we take this over 19. The only real guarantee is that whatever high we hit in UVXY we are seeing lower prices soon. low 14s is where I'm drawing these hypothetical puts expiring a me to.e early March. This is based on the simple fact that indices didn't hold their lows, and there are really two scenarios that can play out: we set some lower low as support and bounce, or we continue lower. If we go lower there's really no support. If we bounce there's really very little resistance. Low availability of shares means we're not headed sideways.
This is the bullish picture for uvxy:
This is the bearish picture:
The forecasts show my limits of how far I would long or short based on a bull/bear move from current levels. The ghost feed is just one solution to how they could both hit. If you get the right signals UVXY is guaranteed money.
Trade closed manually:
Looking like low 18s was tougher resistance than previously assessed I would close longs here
Comment:
Seems like there could be some kind of second wind if we stay above that average
Comment:
Looking for sells to come in sooner or later but don't count on short until downtrend resumes
Comment:
People are playing with this idea of a double top daily running into a double top weekly but there is no reason to think that vix has resistance here. Momentum is in favor of taking this over 19 like the original estimate, and it could mean over 20.
Comment:
Three horizontal lines to remind me what levels we could hit if we break resistance and impulse completes bullishly

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