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IC50_50

Long UVXY price target 7.5-8.5

Long
ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)  
IC50_50 Updated   
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Trend Analysis Seasonality Economic Cycles
7
16
trendanalysis seasonality economiccycle
UVXY pump cycle starts very soon (within 19 trading days). With today's ugly SPX movement, bias towards UVXY pump within 10 days.
Entry 6.6 (20% position). profit target 7 within 3 days or ~ 8 for the actual cycle.
will add more positions based on trends and at least 80% of the trading position.


Comment:
Note, personally biased towards UVXY drop to ~ 6 again before the pump. or even lower. buy the breakout or fake breakout will be better for adding more position. MACD and RSI tell me we are not at the breakout yet.
Comment:
As suspected, fake breakout with yesterday's VIX breakout. Wait until UVXY breakout (currently close above 6.84). One more leg down and it's game time based on the cycle and seasonality of UVXY.
Comment:
All in UVXY. Stop-loss 4.18. Avg entry price 5
Trade closed: stop reached
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