UVXY: Weekend update. Bottom is about 7% away
As many of you know, I watch and follow this bigly. We're now that far off from making that dreaded lows. I have been playing tons of calls lately and made a killing thus far. Don't fall in love with the market instead ready to flip when this try to. We can never ever perfect the market but try to take the signals seriously.
7% drop in UVXY is not much.
I will be closing some of my positions next week. Based on my SPY chart, I see 285ish by end of next week. That should do it for me. Be careful out there. Prices marked, my alerts are renewed.
GL
7% drop in UVXY is not much.
I will be closing some of my positions next week. Based on my SPY chart, I see 285ish by end of next week. That should do it for me. Be careful out there. Prices marked, my alerts are renewed.
GL
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