BULL TRAP BEAR MARKET BULL RUN WATCHING UVXY
UVXYUVXY is known to watch greed and fear while rising on fear.
Federal minutes release is tomorrow; in the meanwhile this late afternoon
the indices and the ETFs that track them printed bearish engulfing candles
taking away as much as 1% in moments- this may be a fear escalation process.
To capitalize on this I took call options on UVXY with an expiration on this Friday.
UVXY is 3 the YTD low. SMAs 50, 100 and 200 are above. as target candidates.
Horizontal resistances are drawn. Time will tell. Looks good right now.
Trade active
UVXY calls for September 16th are doing great today !Trade active
UVXY hitting SMA100 now looking to rise to SMA200- volatility and fearreign the week
Trade active
Call options are looking good today on the stock price spike from the inflation report. Taking a portion of the profits out.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.