[COMPX] update

The chart below is $COMPX 3 minute. Things are moving at warp speed right now, this is clearly panic at play.  We are now approaching the 50 fib retracement of all selling since the peak.   I  will be re-entering UVXY with specific stops in place.

Right now, it could seem to many that capitulation has occurred with today's massive 1k point collapse on the DJIA at the open.  After all, flash crashes happened before and then it was off to higher highs.  There is nothing that says this will not be a repeat.  Thus, shorts need to use stops.  But my model says that this bounce is a relief rally that will reverse downward as soon as the gap is filled.  We will know within literally minutes.