[$COMPX] update [UVXY]

In the backlink I warned shorts that $COMPX could bounce hard per the model from that post reproduced below:






While I was correct in the direction, I was wrong in degree.  The herd, after all, is a living organism.  That is why the use of intelligently placed stops are mandatory.  That "bounce to the prior 4th" model was blown out as shown below.  But I count 5 waves up as being complete here so at the very least we should expect a pullback to 5085. 

UVXY (below) also looks like 5 down have just transpired so I am in premarket $27.75 with 15 cent trailing stop.  I expect a bounce to at least $33.50 and could be much higher.