Loading ...UVXY…For “High Rollers” Only…
I do not currently have a position, but am watching very close…
#1: 13/34 EMA bull cross to enter
#2: MACD breaching zero to enter
Note the bollinger band constriction…
GDX 15…
Momentum EOD has not confirmed any serious reason to go long yet…
Stoch 144 remains BELOW 20…
High Rollers indeed!. Also will accept nut jobs…
Just read this after I posted the above chart…
http://seekingalpha.com/article/4010890-vix-ready-pop?uprof=20&isDirectRoadblock=false
Some EWers … like me … see 400 pt drop as A. Endless mess as B tri. Only it DID just end. And C down now underway.
All that spells corrective move (ABC), meaning new highs of some kind after C is done.
So, that’s a yup to UVXY but don’t overstay.
We should know o/n Sunday if this will pan out.