In the backlink I was still modeling UVXY as being in a deep vee 2nd. That is no longer the case and in fact I do not have a clear view of the actual count. However I do think we have to pay attention to the important resistance line we are up against here. And I don't just mean with bearish implications. If this gaps up and out of this falling line tomorrow it is very bullish UVXY. Markets now have a reason to act scared (asshole terrorism in CA). By the way, fuck you terrorist bastards. Don't kill innocent people, If you must go kill someone, seek out those who are making policies against you. That would not be the people that just died or were wounded by your shit.
Having said that, if this cannot break out tomorrow then it will be at significant risk of putting in a lower low.
Thursday, December 3, 2015
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