AMEX:UVXY   PROSHARES TRUST ULTRA VIX SHORT TERM FUTURES ETF
Based on the way the UVXY             has been trading as of late, it looks like it will maintain this current range (lime green lines) for a little longer. One more move up between $35-36 then it will meet the top of the current trend (green line) as it crosses the longer term downtrend that has held since 10/16/2013 (red line). I really don't think the red line will be broken. Last time this line was hit, it dropped fast (which just so happen to be 10/16/2014, just a year after this downtrend line became the top. I would short at the red line and buy to cover around 26.50. I would short again around 32.50 at the red line again and hold for the BIG drop. 65+% return... IMO             .
Also an intersting side now. The top of the down trend formed on 10/16/13 and touched 10/16/14 and plummeted. The only other time it touched? 2/5/14. I had the top marked at 2/4/14- so maybe I was a day off? Get ready to short! you can go long her until we get there as well if you want. Trade safe.
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