[UVXY] update

Reader TJ commented in this post that the red model did not happen but I think that it did.  No, not all the way down to $22 but EW does not guarantee price levels, only wave shape.  These waves have suspiciously 3 wave internal movements to them, centered around a significant pullback or rally as the case may be.  With the way things are moving, we might get resolution on this today.  A break above $32.25 greatly reduces if not eliminates the odds that this will be a 4th wave HT.  Any cross above that red horizontal, be it via the blue path or the red path, should be considered bearish for the markets and bullish for UVXY.  Once that level has broken out it can be used as a stop trigger.

The key to trading this is to not let emotion get in your way.  The model is clear, just follow it for fun and profit (or at least, for minimal losses while having a shot at profits).