[UVXY] update

Support obviously held at the backlink and UVXY closed green by more than 20% today.  Of course now we want to know what we might could expect next.  Well there is no 5 wave motive move up yet but I'm going to go out on an admitted limb and model that we will get a pull back down to the level of the prior 4th and then move up sharply into an extended blue 5 wave which, if the herd chooses this path, one might consider selling in order to buy back at lower prices.  But be careful because sometimes when the panic has set in you get a very small pullback and very strong moves up.

Remember, there are a bunch of people who have been making a fat profit by shorting the crap out of vix and they are all built in buyers now.