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.
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.
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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