Thursday, March 12, 2015

No panic in the markets yet.[UVXY]

Despite a pretty good sell off from the peak so far, I do not see panic in the IBB, JWN or UVXY indicators.  I still count the recent move on UVXY to be a 4th wave retracement which will likely retrace to at least center channel if not all the way down to the lower rail.

Don't fight the ticker!

Note: Either 5 clear waves up OR a break above $23 says that the panic is becoming real. 

No comments:

Twitter Delicious Facebook Digg Stumbleupon Favorites More