@ProfitHarvest I hope you’re right. Priced in volatility makes little sense to me. Just as we say the potential stimulus package is priced in, but I guarantee a market spike if they pass something pre election (which is highly doubtful). Spiked over 40% in one day a month ago without a major dip in indexes, and at that point we were 6 weeks out from election. That’s part of what makes me think that there is funny business going on. Uvxy is spiking less than it did pre 2016 election and this time in history is 100 times more insane than it was 4 years ago.
ProfitHarvest
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@tradeinvest2024, oxymoron for sure lol. I feel like market sentiment can turn negative much more quickly than people think.
tradeinvest2024
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@ProfitHarvest I remember when this was $10 in January and ppl were crying about backwardation/reverse split, etc. volatility has been suppressed lately in my opinion, due to the fact that ppl were counting on it. But like you said, can only keep it down so long when this correction goes deeper. I’m not looking for $30, although I don’t think that it’s out of the question. I’d be happy with a spike to $22-$23.
skfmsmsvldrn
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It will go to 50$!
DaddySawbucks
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We got a higher closing low in QQQ and declining Red volume... beware!
TrendTraderX
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Does everyone know PROSHARE leveraged instruments are Scams? It's design to go down longterm I wonder if the producer shorts the instruments longterm? Don't believe me check it out yourself!