Post by
manxcan on Mar 15, 2018 10:50am
Short UVXY at $15.41
That is 22 cents below day high. Just reached $15.02 day low. The Game Plan covering short. Bid in range $14.90 down to $14.70.
Uvxy found support at $15.02 bounces up to $15.22. Should exhaust again. High volatilty here at 8/10% so Uvxy can fade down to $14.45. Right now predict I am long again in range $14.55 to $14.76 (1.5% spread).
Patience trading the beast. Yes dramatic upside but this is reliable to fall when not on a rip run upside. Buy long again as to actual reality of price movement.
Glta Cheers Manx