AwesomeAvani

BULL TRAP BEAR MARKET BULL RUN WATCHING UVXY

Long
AwesomeAvani Updated   
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
UVXY

UVXY is known to watch greed and fear while rising on fear.

Federal minutes release is tomorrow; in the meanwhile this late afternoon

the indices and the ETFs that track them printed bearish engulfing candles

taking away as much as 1% in moments- this may be a fear escalation process.

To capitalize on this I took call options on UVXY with an expiration on this Friday.

UVXY is 3 the YTD low. SMAs 50, 100 and 200 are above. as target candidates.

Horizontal resistances are drawn. Time will tell. Looks good right now.
Trade active:
UVXY calls for September 16th are doing great today !
Trade active:
UVXY hitting SMA100 now looking to rise to SMA200- volatility and fear
reign the week
Trade active:
Call options are looking good today on the stock price spike from the inflation report. Taking a portion of the profits out.
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