Replies to post #17431 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[mannken]

yep the velocity of the pump blind sided me, gains vanished

hindsight, I guess it was coming with the bond purchase announcement

knowing Fed will backstop indices next 30 days, I'm shifting to plan B to look for an exit in SQQQ, though, I want wait to beginning of next week to see how things look after opEx

Far as the the QQQ 348 gap, I'm losing confidence in the near term

This trader has an interesting view point
https://www.tradingview.com/chart/QQQ/O1q71E9n-Correction-coming-for-the-next-14-days/

the never ending QE pump

[mannken]

one other observation

qqq roughly 380 resistance area, and 370 support area, cold be a case of bouncing in this channel next few weeks, so before any premature exits, I'm going to monitor the channel