ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[stocktrademan]

And RSI is 60-80 last few days. Also it’s based of VXX and SPX so I think you might be a bit late to the party. Charts aren’t everything. But if you think the market is going to tank another 10% then yes. Good time to buy.

Thanks for your permission then, I'll be sure to check back frequently for approval, heh. Speaking of RSI as an overbought oversold indicator I was thinking it might pertain more to large blue chip type of unleveraged stocks or sector index etfs where nothing can really affect the price so much and it more often than not eventually reverts to the mean. At least that's the assumption of all the people fading the border indicator values.

Perhaps then the leveraged 2x etf here the indicators could operate a little differently. After all the RSI did stay in the lower border area for very extended periods on the way down.

Is it really all that different for the way up. We will see. I don't think I'm late to the party, and to me charts are indeed everything. They keep me unbiased. Good time to buy for much more than a small move.

But I've heard this all before and had this conversation in one form or another elsewhere. Everyone has their own opinions I just want to do my trade and make lots of money. That's why I'm here, and then I'm gone somewhere else.