further decay in (uvxy)

82
getting to an area where longs from this morning are breaking even and shorts in broader markets will be squeezed
provided we dont break to new highs in uvxy this is an interesting area to topfish
target for short 11.65
Trade closed: target reached
take some
Note
could be a reshort if we set a lower high under 12 and loose the 5 minute uptrend
Trade closed: target reached
if you took a second short take some profit here
Trade closed: target reached
take most short off the table just leaving some to run in case thats our day high
Note
if we dont break 12.04 there could be another topfishing play in there
Trade closed: target reached
if you reshorted near the top of the last 30 mins its smart to cover here

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.