[UVXY] update

Per stops mentioned in the backlink, I got stopped out of UVXY for a 2 cent loss.  At that point I just left it alone for the rest of the day to see what it would do.  Even though there is current support at the 61.8 fib I think there is a high chance of one more wave down (5 of C) into the 70.7 fib.  Today's close looks like a 4th wave.

Even if this goes down to 36.25 and counts as 5 waves down, I think it will then need to a-b-c back to the level of the prior 4th at $42 before heading lower (if that is what it is going to do).  So regardless of whether this is a motive wave down with more to come or a corrective wave with upside in the cards, I think it will be a good trading risk to jump back in at $36.25.

For now I still count this as a 3 wave pullback with A being the first wave down to $42.50, B being a HT and Now well into C.