Wednesday, October 14, 2015

[UVXY] update

The backlink provided a model indicating that, while near term volatility was possible, a very important bottom was likely put in.



Today's action did nothing to change that outlook except for to reduce the likely risk of a deep vee double bottom.  One more small wave down tomorrow AM should lead to an AM reversal and then off to the races.  See you at 100.

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