ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[Citrati]

I am watching this as well.

"I don't know which way the markets will go, but looking at monthly charts, SP and other indexes have potential to go down a lot further."

Precisely, why I am intraday scalping only, holding cash overnight. Being born in the late 40's I do not have the years left to cycle back from a crash or major correction.
IMO the days of 'V' recoveries may be fading out. Grinding markets are tough to make up losses in.

Green Trades.