Description
⋅ With RSI bottoming and the VIX finding a floor around 14.91, it looks like it might have one last spike left in the tank for the year 2021.
MACD is curling up towards a cross.
Potential ways to play it are through VXX or UVXY if you want some leverage.
Trade active
⋅
potential double bottom in VIX.
Price targets for UVXY:
$21
$23
$25
$27
$29
if it moons; $37
Trade closed manually
⋅ Probably time to bail. Maybe use proceeds to buy some SVXY to ride it back down. Cheers to all those that made this trade.