mfournier3

...after being oversold.. on the daily chart,

Long
mfournier3 Updated   
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
..on a micro picture, this morning, on the few minutes charts, 1,3,5 minutes etc.. you have an ascending triangle,

we are overdue for a decent rally!

For the one familiar with UVXY, regardless your reading, anything can happen..

Bonne chance!
Trade closed: target reached:
violently, after the jump to 50, I hope you had a chance to cash in some profit...

the reversal had been terribly fast and violent..!!

But now, a new opportunity is building up... again!

UVXY printing new lows, with Daily RSI flirting below 30, we should see soon another significant jump... because the earning season is just at the beginning, and the stupid AI robots getting excited to print a new high on the SP, just for the fun of it.. it might take a few more days for the perfect timing...
...But for those, experienced with the VIX, there is no such thing!

If we print a few more lows on this one, we should get great gains potential, versus limited losses...
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