Replies to post #15529 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[Nightridertwou]

Until this gets into the 20 range you are playing with fire which usually ends in the crash and burn scenario. JMHO https://www.marketwatch.com/investing/index/vix

[Citrati]

Excellent post.
Hope everyone here understands its relevance.

Interesting that the slope pre-covid, October to end of February, and the current slope are almost identical. It took a panic and government shutdown shutdown of the economy to change the slope. What the new event will be to create the drop is, as you saw, unknown. When timing is unknown nimbleness must increase to mitigate downside.

I am watching the battle between the shorter term 6,13,5 macd and the standard macd. So far momentum in the short term, circles, has the playing floor. That said, they are both, rsi and stoch, in overheated territory. How the week closes may give us a tell. We shall see.

This move definitely beginning to look long in the tooth with no recent test of the the bb midline.