Replies to post #16840 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[fitzwell11]

Let’s call it revelation. Of course all in my humble opinion.

A majority of indicators I follow including Fib extension, market internals, breadth indicators including Hindenburg and other macro indicators I follow all lining up for the first time since late August 2020. A similar setup occurred mid-July but was negated and I had to scratch everything. What I’m seeing could be closer to Q4 2018. It’s severe.

These dinky red days that we’ve gotten during opex weeks for 3 straight months are not even considered corrections. This has been a bulls market no doubt, and I am wrong plenty like any human, no pride here, I just really believe this is the best shot for uvxy 100%+ move we’ve had since August 2020. Again all jmo. Remember one of only a handful of times in market history that we are now over 200 days without a 5% correction