In the backlink I had bailed on UVXY because of the $COMPX wave count. The threat was per below.
So now we see 3 waves up in $COMPX which fill a gap. This would be a typical reversal point back downward if that is what the herd is going to do. If this can't follow through with 5 waves up I will be looking at UVXY for a re-entry point. On the UVXY front, listening to the wave count and bailing out yesterday has saved me 13.62% as of this writing.
Tuesday, July 28, 2015
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