If the 50 fib holds then some 3rd wave downside action could begin to unfold real soon now. Interestingly, UVXY is actually lower today than it was on the 28th when $COMPX last peaked. That is unusual and I don't claim to know what it mean going forward but if $COMPX cannot break out of this resistance I can only believe that UVXY will skyrocket.
Wednesday, December 3, 2014
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment