ProShares Trust Ultra VIX Short Term Futures ETFArca
תיאור
⋅
Based on Chart. If Melt up continues I Predict 20% more downside for UVXY - with a SPX move down to Around 3200 should yield 80 - 120 % Return. Thinking about placing a 33,000 $ buy Monday. What are your thoughts
It depends on how quick the melt-up is. If it's fast, UVXY will jump as well--maybe a lot. The VIX doesn't always move in the opposite direction of the SPX.
jaredwolowidn
⋅
@davidismyname Monday Has brought gap ups: Vaccine Related. Low volume High percentage. If the markets Melt up again monday I think it's going to create a solid buying opp on UVXY
davidismyname
⋅
@jaredwolowidn, makes good sense. I'm already in on UVXY so fingers crossed that its time has come.
jaredwolowidn
⋅
@davidismyname, I've been asking myself the question "What negative Catalyst will cause the melt down?" . I have been long on UVXY in a smaller position for a few months still holding, accumulating cash. Waiting to go all in.
One-World
⋅
@jaredwolowidn UVXY buys for future fears. To me hopelessness will be the key + liquidity cannot keep chasing. Look foward to hearing our holiday sale, unemployment and other earnings.