1st we were looking for a bounce before /ES broke 2022 to the downside which didn't play out. 2nd we started looking for a dip/bounce combo for a possible entry into UVXY which didn't play out either. So basically we didn't get what we were looking for to make the UVXY entry. It doesn't mean we're not going to play UVXY, it just means that yesterday we didn't get a clear signal for an entry IMO. I'll be updating my outlook for /ES and UVXY this morning.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.