Long UVXY 32C Jul 23 for 5.30 debit

SPX possible LPSY and top of risk range: snapshot
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Why did I go long UVXY?

Bounce off 200MA was expected:
snapshot

The most important trends are still down and at top of risk range!
snapshot

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Retest of wedge bottom was expected after breakout:
snapshot

ES Likely paths, good R/R:
snapshot
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USD pulled back to 200MA after its runup and holding so far. When yields and Dollar confirm, I have no qualms about speculating on Long Vol: snapshot
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As suggested by MJC77 - Watch for downgaps to fill: snapshot
Comment
QQQ, the last bastion finished its topping structure. Near the end now, maybe a fake breakout, no more:
QQQ - Rising Wedge Breakout Short
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I think we see 100 pretty easily: snapshot
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Add Long UVXY Jul16 32.5C 1.48 debit
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Add Long UVXY Jul 30 33C 2.48 debit
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Add Long UVXY Jul 30 35C 3.35 debit
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add UVXY 33c Jul 30 2.18 debit
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add UVXY 41c Jul 30 2.48 debit
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sold UVXY Jul 23 32C 2.45 debit (50% loss)
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long UVXY Aug 27 33C 7.05 debit
Trade closed manually
Sold all, cleared the books (+78.4% gain)

Looking for re-entry SPX 4300-4350, new post
Beyond Technical AnalysisoptionstradingUVXYVIX CBOE Volatility Index

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