Strictly from a technical perspective the bounce I was hoping to see for the best UVXY DID NOT PLAY OUT. So what I'd like to see now is a move from ES down to about 2012 with a bounce to about 2020. The top of that bounce would be the best entry for the next UVXY play IMO. The reason I'd like to wait is because we've went too low already and until I see what I consider an impulse move to the downside I don't think the play makes sense. Sooner of later we're gonna get a clear signal but as you've pointed out we've got Janet on the schedule later today and this move lower could just be posturing. So at the moment it's 2012 with a bounce to 2020-2022 that'll be me to get a starter.
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