Sunday, March 15, 2015

[UVXY] update

In the backlink I indicated a critical support level which was broken in what appears to be 5 small waves.  So I think that the odds lean towards wave black 5 playing out as previously modeled.  Of course, it will not be confirmed until both rails of the  HT are taken out to the downside, probably both happening during wave 3 of 5 down as shown.

1 comment:

Chance_Nation said...

Quick note to those of us that traded UVXY in 2014, ProShares has just released the K-1 forms electronically today:



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