We're on or way with TVIX/UVXY, it took some patience but we're coming out on top. I have a few different targets I'm watching here for ES/SPX and this does have a possibility of more downside. With that please don't close out your day by ordering up a Triple Decker Bearwich with a 88oz Super Big Gulp of Bear-Aid. I've tried to stay objective and provide a relatively unbiased technical opinion which happened to call for the markets to move lower which of course sent VXX higher. As I've said, since before we even entered this play, the markets are headed higher after this correction and will start with a new all time high and finish in the general area of 2150. If you went long with us congrats, it's nice to cash in on UVXY/TVIX but don't let them have it back by overstaying your welcome.
This has been a public service announcement from your local neighborhood swing traders, as always good luck.