UVXY short term long position, probably in and out in a day or two. entry ~10.73, take profit at MA ~ 11.8. This could be a day trade. Cheers.
Comment:
On the other side, maybe the all-time low is a better entry. This could take a while to open the position.
Order cancelled:
Sadly, 10.73 was never reached, UVXY bounced off ~10.8. Missed the half-cycle opportunity. I believe SPY is on its way to a new all time high > 380.
UVXY opportunity should be near the end of this month or in Jan to start the next cycle. I don't think it will be a huge gain like the one at the end of Oct, but we will see.
Cheers, right now margin Long SPY :) based on 4hr chart
UVXY opportunity should be near the end of this month or in Jan to start the next cycle. I don't think it will be a huge gain like the one at the end of Oct, but we will see.
Cheers, right now margin Long SPY :) based on 4hr chart