Am I being too cautious, or is everyone too optimistic?
$ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$ The pressure of $7 is still quite high, and all major indices (with the exception of QQQ) are oversold in the short term. I always think there should be a wave of correction in the next two weeks. The profit was already closed at around $7, and there was only one floor of positions left, in case I made a mistake! But I really think I'll step back on 5.5; if I'm lucky, I might step back on 5.0...
The above is just a forecast of the trend for the past two weeks. The medium to long term is bearish on S&P until at least 3300.
The above is just a forecast of the trend for the past two weeks. The medium to long term is bearish on S&P until at least 3300.
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