ProShares Trust Ultra VIX Short Term Futures ETFArca
Description
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MMTW about to cross the midpoint (50% stocks below 20-period MA). Check out the linked idea for significance. Keeping eyes on this for now
Trade active
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Getting there:
Comment
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MMTW resting right above 50% and UVXY already up 20% - more to come if 50 is crossed - Caution here as MMTH still far above 50 so spike may be sold off quickly
Love your Theory with the MMTW. Would you say we fell into this SPY bear trap or are you looking for a bounce in volatility in the coming days?
myceliium
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@bluetourniquet, still looking for a bounce in the coming days - strong sell-offs usually happen before strong moves and I actually think SPY was a great reflection of that today. Now UVXY's move will depend on if SPY can maintain that moment... - That and the 50% MMTW cross (which is close but hasn't happened yet)