Replies to post #17445 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[mannken]

here's weekly Nasd volatility

I'm still in sqqq holding pattern, watched the pump again today, however we're near the QQQ 380ish resistance area and VIX compression keeps building despite the Fed pumps, I will keep holding and monitoring

[mannken]

SQQQ

QQQ 50MA 369.63, looking for a flush then algos programmed to buy

I'm slowly scaling out of SQQQ and will close out position if 50MA is tagged and look for another reentry next week, assuming there will be a hard bounce off 50MA into next week