Wednesday, December 3, 2014

$COMPX update

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.


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