[UVXY] update

Per the backlink, Wednesday's interday reversal marked a tradeable bottom at the very least.  It could have been "the" bottom but there is a suspicious W3 down there so for now I think we have to assume there is one more motive wave down coming. 

So we should just keep bumping our stops.   Since wave 1 or A and 2 or B are both printed, we should now be working on 3 or C.  In fact, the noon peak should have been 1 of 3.  Given that the wave is now higher than that, my stops have been bumped up to $18.33.  If I see a massive run into the close in 5 waves that counts as C of 4 then I will sell into it and then see if a higher high can be made subsequently or if it just begins to fall again.  Hopefully it will fall hard if it does fall but it might put in a double bottom here as well.  The key will be to buy after 5 waves down should all of this forward thinking play out.