further decay in (uvxy)

getting to an area where longs from this morning are breaking even and shorts in broader markets will be squeezed
provided we dont break to new highs in uvxy this is an interesting area to topfish
target for short 11.65

Trade closed: target reached:

take some

Comment:

could be a reshort if we set a lower high under 12 and loose the 5 minute uptrend

Trade closed: target reached:

if you took a second short take some profit here

Trade closed: target reached:

take most short off the table just leaving some to run in case thats our day high

Comment:

if we dont break 12.04 there could be another topfishing play in there

Trade closed: target reached:

if you reshorted near the top of the last 30 mins its smart to cover here