Tuesday, July 28, 2015

[UVXY] update

At the backlink I provided the model below:



As you can see from the current snapshot below, this seems to have played out.  So far it is only 3 waves down so it could reverse here but the odds say that it drops from the open to the $25 range and then recovers to at least $27 ish before plunging again into 3 of 5 OR until it moves past the level of the prior 4th in 5 waves (blue path).




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