[UVXY] update

At the backlink I was still negative on the near term prospects for UVXY and I provided the model below.

The current snapshot below suggests even more so that I have the right model here because it seems to have put a triangle into the count exactly where I was modeling should be the B wave. 

If this count turns out to be correct, the bounce in the DJIA will be higher than expected by the EWI short term update guys but it will not result in a new high which Jeffery Kennedy of EWI just indicated yesterday he thought was going to play out.