Rocket trade, maybeYesterday the 10 day sideway pattern bottoms dip down. Potential entry taken and proving out. Most here like to try out the rocket trade HVU or UVXY. Prior 10 days gave consistent bottoms expect this Monday. Seeemed like a perfect time to jump in. Many did and good position to be in early. We are greedy b/c we see the potential and how initial run up can go much higher.
We we have seen many an Oct market collapse, possibles here, but takes a turbulent market for 2. Weeks and this produces a quick plus 100%. Recent June and early Sept run on rate hike expectation brings us speculators to the well.
Patience. Let it rip, exit when forced. GLTA Cheers Manx