what if the market really gets slammed?were hovering below a midline. all bets are pretty much off for longs until bulls prove they have at least a reasonable sized appetite to sell into weakness, and take profit at a lower weekly level perhaps covering calls or using some strategy other than being dead weight and hitting a stoploss. basically we need to see a spx bull snapback to recent daily highs after the 4hr oversold conditions leading to a huge bounce or there is rejection from weekly mean regression levels or vwap and vix continues up. when vix gets over this midline theres very little stopping it but this strategy can identify some key resistance levels on its way into fairly unexplored territory until as of recently. overall im expecting uvxy to confirm weekly bull, or head right back down to its lows and this to end up in late march, early april in the expected swing range of a potential split as well as its post split estimate oscillations of $4 and $100. for now its $10 and $4. uvxy doest go to $0.04.
