Day traders selling out after a bounce back from a near 52 week low RSI. TVIX still remains green on the day with decent volume. Should see a move soon.
Note: I am aware that the vast, vast majority of people that trade this are day traders and scalpers. Personally, I'm looking for couple day bounce of 50-100% (see October '18)
Note 2: If such a bounce does occur, the intention would be to slowly sell off the position until the momentum slows.
Happy Trading! This is a fun one.
Note: I am aware that the vast, vast majority of people that trade this are day traders and scalpers. Personally, I'm looking for couple day bounce of 50-100% (see October '18)
Note 2: If such a bounce does occur, the intention would be to slowly sell off the position until the momentum slows.
Happy Trading! This is a fun one.