ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[mannken]

Market navigation 30 days

Stepping outside of charts for a moment

This story may get buried quickly in mainstream, however, in some context, could this be the catalyst for an overdue market correction, only history will tell, not much to say except Fed guys voting to keep pumping markets while trading/benefiting, now they will sell at the top due to ethics just before taper?, certainly something to shake the foundation of the (fake) markets
https://www.nytimes.com/2021/09/09/business/economy/fed-stock-trading.html

See Gamma point #5, suggesting more long positions due to be rolled into market before OpEx EOW
We estimate that dealers are long $4.67 Billion worth of gamma, muting a potential move prior to expiry
point #4 is worth mentioning on historical perf. last 2 weeks of Sept
https://www.zerohedge.com/markets/goldman-trader-10-points-why-investors-are-bearish-last-two-weeks-september

FOMC meeting Sept 21-22

SP500 Weight - 3rd party source, Top 8 are big tech, AAPL lost 5EMA on Friday https://www.slickcharts.com/sp500
QQQ Gap 348.93 Jun24 2021, right below 100EMA (from ATH to Gap is 8.8% correction, from Fri close is 7.3% correction)
UVXY 100EMA @37.80ish,

Good luck to all, I plan on entering U this week (hopefully on red days) and holding with prudent stop loss below 20