Long UVXY price target 7.5-8.5
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.
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.
Note
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.Note
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.Note
All in UVXY. Stop-loss 4.18. Avg entry price 5Trade closed: stop reached
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