UVXY 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 ativo:
UVXY calls for September 16th are doing great today !
Trade ativo:
UVXY hitting SMA100 now looking to rise to SMA200- volatility and fear
reign the week
reign the week
Trade ativo:
Call options are looking good today on the stock price spike from the inflation report. Taking a portion of the profits out.