ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[kid biscuit]

I guess we will see if the Trump trade is unwinding soon enough. If Friday was short covering, the selling will resume and pick up a lot of depth within a few days or weeks. And of course UVXY will rocket. The Dow chart has a strange looking double top that hasn't been able to break through old highs recently, and just gets sold into over and over at the same levels over the last couple of months. Also the Russell 2000 small cap has been in downtrend lately. The chess board looks like its setting up for a correction, but its very subtle with some serious genius behind it if that's truly whats happening. UVXY got a sell short sell signal after Friday's close. We will see soon enough if its going to be $5. or $25 instead. Also the last couple days had the highest volume and the pps went up on a % basis higher than at any time in the last couple of years. I have spent a bit time looking at major market tops for the last 20 years and we stratosheric no matter what the bulls keep peddling. Well no matter what, we will let the signals lead the way, because market direction isn't going to be dictated by my or anyone else's reasoning. But a mathematical equation based on the majority of the overall reasoning will be absolutely correct :)