08/19/2020 UVXY long -
Updated
New all-time high means time to consider shorting the market especially there is so much gap between fundamental and equity.
Usually, this is the time when institutions and big banks take their profit and dump all the leftovers to retail. VIX will be a good hedge to an unexpected fall in the market.
UVIX recently got out of the falling wedge, which can be a bullish sign.
19.20-30 area is acting as good support.
SL place below: 19.10
Good luck!
Usually, this is the time when institutions and big banks take their profit and dump all the leftovers to retail. VIX will be a good hedge to an unexpected fall in the market.
UVIX recently got out of the falling wedge, which can be a bullish sign.
19.20-30 area is acting as good support.
SL place below: 19.10
Good luck!
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